Exhibit 5-2 Price and quantity demanded data Using Exhibit 5-2, what is the price elasticity of demand when the price falls from five dollars to four?
A) 1.
B) 1.25.
C) 0.8.
D) 2.0.
E) 0.4.

Question

Exhibit 5-2  Price and quantity demanded data  Using Exhibit 5-2, what is the price elasticity of demand when the price falls from five dollars to four?
A) 1. 
B) 1.25. 
C) 0.8. 
D) 2.0. 
E) 0.4.

Quizplus · Accepted Answer

The Answer of Exhibit 5-2  Price and quantity demanded data  Using Exhibit 5-2, what is the price elasticity of demand when the price falls from five dollars to four?
A) 1. 
B) 1.25. 
C) 0.8. 
D) 2.0. 
E) 0.4.

Exhibit 5-2 Price and Quantity Demanded Data Using Exhibit 5-2