Table 5.1
$$\begin{array} { | l | l | }
\hline \text { Quantity Demanded } & \text { Price } \
\hline 10 & \$ 50 \
\hline 20 & \$ 40 \
\hline 30 & \$ 30 \
\hline 40 & \$ 20 \
\hline 50 & \$ 10 \
\hline
\end{array}$$
-Refer to Table 5.1.If price decreases from $50 to $40,the price elasticity of demand is _____
A)10.
B)5.
C)3.3.
D)3.
E)0.5.

Question

Table 5.1
 $$\begin{array} { | l | l | } 
\hline \text { Quantity Demanded } & \text { Price } \
\hline 10 & \$ 50 \
\hline 20 & \$ 40 \
\hline 30 & \$ 30 \
\hline 40 & \$ 20 \
\hline 50 & \$ 10 \
\hline
\end{array}$$
-Refer to Table 5.1.If price decreases from $50 to $40,the price elasticity of demand is _____
A)10.
B)5.
C)3.3.
D)3.
E)0.5.

Quizplus · Accepted Answer

The Answer of Table 5.1
 $$\begin{array} { | l | l | } 
\hline \text { Quantity Demanded } & \text { Price } \
\hline 10 & \$ 50 \
\hline 20 & \$ 40 \
\hline 30 & \$ 30 \
\hline 40 & \$ 20 \
\hline 50 & \$ 10 \
\hline
\end{array}$$
-Refer to Table 5.1.If price decreases from $50 to $40,the price elasticity of demand is _____
A)10.
B)5.
C)3.3.
D)3.
E)0.5.

Table 51 -Refer to Table 5