Question
Ian drives to school 5 days a week. Last year, he paid $5 a day for parking. This year, the parking price rose by 20
Ian drives to school 5 days a week. Last year, he paid $5 a day for parking. This year, the parking price rose by 20 percent. Ian still parks 5 days a week. Ian's price elasticity of demand using the simple formula is
A) zero.
B) 1.
C) 20.
D) infinity.
E) 6.
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The End Of Poverty Economic Possibilities For Our Time
Authors: Jeffrey D Sachs, Bono
1st Edition
0143036580, 9780143036586
