If a 4 percent change in the price of a good leads to a 3 percent change in quantity demanded, the price elasticity of demand equals Group of answer choices A.1.33. B. 4.00. C. 0.75. D. 3.44. E. None of the above answers are correct.

If a 4 percent change in the price of a good leads to a 3 percent change in quantity demanded, the price elasticity of demand equals Group of answer choices A.1.33. B. 4.00. C. 0.75. D. 3.44. E. None of the above answers are correct.

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 16SQ

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If a 4 percent change in the price of a good leads to a 3 percent change in quantity demanded, the price elasticity of demand equals

Group of answer choices

A.1.33.

B. 4.00.

C. 0.75.

D. 3.44.

E. None of the above answers are correct.

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