Order Your Paper From the most reliable Essay writing Service. 

.

 



If price changes from $4.75 to $5.25 and quantity demanded
changes from 1025 to 975 units, then the price elasticity of demand
is:

a) 4.0 (or -4.0 with sign included)

b) 0.5 (or -0.5 with sign included)

c) 0.25 (or -0.25 with sign included)

d) 2.0 (or -2.0 with sign included)

e) 20.0 (or -20.0 with sign included)