For a certain good, when the good's price falls from $22 to $20, its quantity demanded rises from 2,000 to 2,200 units. Given this information, the price elasticity of demand for this good is approximately
A)2.55.
B)0.66.
C)0.39.
D)0.20.
E)1.00

Question

Quizplus · Accepted Answer

The Answer of For a certain good, when the good's price falls from $22 to $20, its quantity demanded rises from 2,000 to 2,200 units. Given this information, the price elasticity of demand for this good is approximately
A)2.55.
B)0.66.
C)0.39.
D)0.20.
E)1.00

For a Certain Good, When the Good's Price Falls from $22