Suppose that the quantity demanded of skipping ropes rises from 1250 to 1750 units when the price falls from $1.25 to $0.75 per unit.The price elasticity of demand for this product is
A)1/3.
B)2/3.
C)1.
D)3/2.
E)2.

Name: Suppose that the quantity demanded of skipping ropes rises from 1250 to 1750 units when the price falls from $1.25 to $0.75 per unit.The price elasticity of demand for this product is A)1/3. B)2/3. C)1. D)3/2. E)2.
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Question

Quizplus · Accepted Answer

The Answer is B

Suppose That the Quantity Demanded of Skipping Ropes Rises from 1250