If the price of a good X is increased by 15 and its quantity-08803
If the price of a good X is increased by 15% and its quantity demanded falls by 25%, the price elasticity of demand is:
This multiple choice question (MCQ) is related to the book/course
vu eco401 Economics.
It can also be found in
vu eco401 Final Term - Quiz No.5.
If the price of a good X is increased by 15% and its quantity demanded falls by 25%, the price elasticity of demand is:
Price elastic
Price inelastic
Unit price elastic
Normal
