Table 5.2 shows the change in the quantity demanded for Good A and Good B as a result of the change in their price. Use the information in the table below to calculate the price elasticity of demand for Good A. Table 5.2

Quantity
Price
Good A

100
$10
120

$ 9
Good B
200
$20
140
$35
A)−5/2
B)−11/3
C)−3/10
D)−10/3
E)−19/11

Question

Table 5.2 shows the change in the quantity demanded for Good A and Good B as a result of the change in their price. Use the information in the table below to calculate the price elasticity of demand for Good A.​ Table 5.2
​
​
Quantity
Price
Good A
​
100
$10
120
​
$ 9
Good B
200
$20
140
$35
A)−5/2
B)−11/3
C)−3/10
D)−10/3
E)−19/11

Quizplus · Accepted Answer

The Answer of Table 5.2 shows the change in the quantity demanded for Good A and Good B as a result of the change in their price. Use the information in the table below to calculate the price elasticity of demand for Good A.​ Table 5.2
​
​
Quantity
Price
Good A
​
100
$10
120
​
$ 9
Good B
200
$20
140
$35
A)−5/2
B)−11/3
C)−3/10
D)−10/3
E)−19/11

Table 52 Shows the Change in the Quantity Demanded for Good