. If the price of good X increases from RM3 to RM5, the quantity demanded drops from 10 to 8. Find the slope of the demand curve. a) 0.2 b) 5 c)-1 d) -2 Other: 2. Based on Question 1. calculate the quantity when the price is equal to o. a) 13 b) 2 c) 10 d) 5 3. Based on Question 1, if the market price is equal to 1. determine how many units of good X will be sold in the market. a) cannot be determined b) 12 c) 10 d)
. If the price of good X increases from RM3 to RM5, the quantity demanded drops from 10 to 8. Find the slope of the demand curve. a) 0.2 b) 5 c)-1 d) -2 Other: 2. Based on Question 1. calculate the quantity when the price is equal to o. a) 13 b) 2 c) 10 d) 5 3. Based on Question 1, if the market price is equal to 1. determine how many units of good X will be sold in the market. a) cannot be determined b) 12 c) 10 d)
Chapter6: Elasticity
Section: Chapter Questions
Problem 2WNG: As the price of good X rises from 10 to 12, the quantity demanded of good Y rises from 100 units to...
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Question
1. If the price of good X increases from RM3 to RM5, the quantity demanded drops from 10 to 8. Find the slope of the demand curve.
a) 0.2
b) 5
c)-1
d) -2
Other:
2. Based on Question 1. calculate the quantity when the price is equal to o.
a) 13
b) 2
c) 10
d) 5
3. Based on Question 1, if the market price is equal to 1. determine how many units of good X will be sold in the market.
a) cannot be determined
b) 12
c) 10
d) 14
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