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-Refer to Figure 5

Question 15

Multiple Choice

-Refer to Figure 5.1.Using the initial-value method,if the price of a hamburger is increased from $6 to $8,the price elasticity of demand equals: A) 0.7. B) 5.0. C) 1.0. D) 2.0.
-Refer to Figure 5.1.Using the initial-value method,if the price of a hamburger is increased from $6 to $8,the price elasticity of demand equals:


A) 0.7.
B) 5.0.
C) 1.0.
D) 2.0.

Correct Answer:

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