Register

We observe a 20 percent increase in units purchased and an 8 percent decrease in price. The price elasticity of demand in terms of absolute value is a) 2.5 b) -2.5 c) 0.4 d)1.0<…

We observe a 20 percent increase in units purchased and an 8 percent decrease in price. The price elasticity of demand in terms of absolute value is a) 2.5 b) -2.5 c) 0.4 d)1.0<…
150k views
0 votes
We observe a 20 percent increase in units purchased and an 8 percent decrease in price. The price elasticity of demand in terms of absolute value is

a) 2.5
b) -2.5
c) 0.4
d)1.0

User Dreampuf
by
7.6k points

1 Answer

2 votes

Answer:

the correct answer

a) 2.5

User Ruben Steins
by
8.7k points
← Prev Question Next Question →

No related questions found

Ask a Question
Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories

Other Questions

Who was Adam Smith ? Anybody?
In what way did the GI Bill contribute to the growth of professional and white-collar jobs ? A.by providing US laborers with new job-training programs B.by giving US veterans assistance to purchase a new
What is meant by data mining ?
Link Copied!