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-Refer to Figure 5

Question 2

Multiple Choice

-Refer to Figure 5.1.Using the initial-value method,if the price of a hamburger is increased from $2 to $4,the price elasticity of demand equals: A) 0.2. B) 2.0. C) 1.0. D) 5.0.
-Refer to Figure 5.1.Using the initial-value method,if the price of a hamburger is increased from $2 to $4,the price elasticity of demand equals:


A) 0.2.
B) 2.0.
C) 1.0.
D) 5.0.

Correct Answer:

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