试题与答案

The price of product Z decreased from $ 2.

题型:单项选择题

题目:

The price of product Z decreased from $ 2.50 per unit to 2.00 per unit. Since the price decreased, demand has gone up from 3 million units to 4 million units. Calculate the price elasticity of demand and determine if the demand is elastic or inelastic.Price elasticity of demand Elasticity()

A. -1.29 elastic

B. -2.00 inelastic

C. -1.29 inelastic

答案:

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