Question:

What is the price elasticity of demand between:?

by  |  earlier

0 LIKES UnLike

a) P= $25 and P= $29

b) P= $20 and P= $15

c)P= $15 and P= $10

d)P= $10 and P= $5

 Tags:

   Report

1 ANSWERS


  1. Impossible to answer without additional data - change in quantities demanded at relevant prices are required too.

    Simplest price elasticity of demand is E= ΔQ% / ΔP%

Question Stats

Latest activity: earlier.
This question has 1 answers.

BECOME A GUIDE

Share your knowledge and help people by answering questions.