What can the own price elasticity of demand of squash balls be? A - ProProfs Discuss
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What can the own-price elasticity of demand of squash balls be? A sporting goods store observes that as they reduce the price of squash balls from $8 to $4, their quantity demanded rises from 200 to 220.



A. 0.14
B. 0.3
C. 3.3
D. 5

This question is part of Microeconomics Exam #1
Asked by Wlkg, Last updated: Feb 01, 2020

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2 Answers

John Adney

John Adney

Answered May 21, 2017

0.2 when calculated using the formulae of price elasticity of demand
 

John Smith

John Smith

Answered Jan 24, 2017

0.14
 

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