According to a New York Times article published in November 2005,author Anna Bernasek asserts that a 10 percent increase in the price of gasoline leads to a decline in the quantity demanded of about
A) 0.01 percent.
B) 2 percent.
C) 20 percent.
D) 200 percent.

Question

Quizplus · Accepted Answer

According to the article, author Anna Bernasek states that a 10 percent increase in the price of gasoline leads to a decline in the quantity demanded of about 2 percent.

According to a New York Times Article Published in November