Question
When the price of a box of cereal is$5, the quantity demanded is 800 boxes. When the price of a box of cereal is$7, the
When the price of a box of cereal is$5, the quantity demanded is 800 boxes. When the price of a box of cereal is$7, the quantity demanded is 400 boxes. Calculate the price elasticity of demand when the price of a box of cereal is$6.
A.
2.0
B.
200
C.
1.0
D.
0.005
E.
0.5
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The Great Divide Unequal Societies And What We Can Do About Them
Authors: Joseph E Stiglitz
1st Edition
0393352188, 9780393352184
