Exhibit 5-9 Supply and demand curves for good X

-As shown in Exhibit 5-9, the price elasticity of demand for good X between points E and D is:
A) 1/5 = 0.20.
B) 3/7 = 0.43.
C) 1/2 = 0.50.
D) 1.

Question

Exhibit 5-9 Supply and demand curves for good X
​ 
-As shown in Exhibit 5-9, the price elasticity of demand for good X between points E and D is:
A) 1/5 = 0.20. 
B) 3/7 = 0.43. 
C) 1/2 = 0.50. 
D) 1.

Quizplus · Accepted Answer

The Answer of Exhibit 5-9 Supply and demand curves for good X
​ 
-As shown in Exhibit 5-9, the price elasticity of demand for good X between points E and D is:
A) 1/5 = 0.20. 
B) 3/7 = 0.43. 
C) 1/2 = 0.50. 
D) 1.

Exhibit 5-9 Supply and Demand Curves for Good X