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  • From Economics: General-Economics
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  • Due on Oct. 03, 2011
  • Asked on Sep. 30, 2011 at 12:13:33AM
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flamingheat2
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Q:

Price decreases from $15 to $10, and the quantity demanded falls rises 100 units to 120 units. What is the coefficient of the price elasticity of demand between the two prices using the point to point formula?

 

a. 1.25

 

b. 1.65

 

c. .45

 

d. 1

 

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  • Posted on Sep. 30, 2011 at 12:19:55AM
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