Harvey Company recently changed the selling price of one of its products. Data concerning sales for comparable periods before and after the price change are presented below.
The product's price elasticity of demand as defined in the text is closest to:
A) -1.98
B) -1.78
C) -2.40
D) -1.92

Question

Harvey Company recently changed the selling price of one of its products. Data concerning sales for comparable periods before and after the price change are presented below. 
The product's price elasticity of demand as defined in the text is closest to:
A) -1.98 
B) -1.78 
C) -2.40 
D) -1.92

Quizplus · Accepted Answer

The Answer of Harvey Company recently changed the selling price of one of its products. Data concerning sales for comparable periods before and after the price change are presented below. 
The product's price elasticity of demand as defined in the text is closest to:
A) -1.98 
B) -1.78 
C) -2.40 
D) -1.92

Harvey Company Recently Changed the Selling Price of One of Its