LilMissTQ8719 LilMissTQ8719

09-01-2024
Business

contestada

If a price increase of 26.00% is recorded for a good, and the quantity demanded drops by 52.00% as a result, what is the price elasticity of demand for that good?
a) 0.50
b) 1.00
c) 1.50
d) 2.00

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