As the price of video games is raised from $20to $25,their quantity demanded fell from 1.5 million copies to 1 million copies. The price elasticity of demand for video games is:
A)-0.55
B)-1.8
C)-1.33
D)-2.08

Question

​As the price of video games is raised from $20to $25,their quantity demanded fell from 1.5 million copies to 1 million copies. The price elasticity of demand for video games is:
A)​-0.55
B)-1.8
C)-1.33
D)​-2.08

Quizplus · Accepted Answer

The Answer of ​As the price of video games is raised from $20to $25,their quantity demanded fell from 1.5 million copies to 1 million copies. The price elasticity of demand for video games is:
A)​-0.55
B)-1.8
C)-1.33
D)​-2.08

​As the Price of Video Games Is Raised from $20to

As the Price of Video Games Is Raised from $20to