If the price of a good goes up by 5% and in response the quantity - ProProfs Discuss
Topics
Products
Follow Us:

If the price of a good goes up by 5% and in response the quantity falls by 20%, the price elasticity of demand would be

This question is part of Enhance Your Knowledge on Microeconomics with this Quiz
Asked by Wlkg, Last updated: Dec 18, 2019

+ Answer
Request

1 Answer

wlkg

Wlkg

Answered Apr 05, 2019

-4
 

Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer
Search for Google images
Select a recommended image
Upload from your computer

Email Sent
We have sent an email to your address "" with instructions to reset your password.