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If a 10% price rise causes a 20% decrease in the amount demanded, the price elasticity of demand is 5.0. The percentages are as follows: 10 percent 50 percent 2 percent 5 percent

Survey Of Economics

10th Edition

ISBN:9781337111522

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 1SQ

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If a 10% price rise causes a 20% decrease in the amount demanded, the price elasticity of demand is 5.0.

The percentages are as follows:
10 percent
50 percent
2 percent
5 percent

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