Price Elasticity
If at a price of $10, quantity bought will be 5400 per day, and at $15, quantity bought will be 4600 per day, then the price elasticity of demand is approximately:
A) 0.2.
B) 0.4.
C) 0.6.
D) 2.5.
E) 6.0.
https://brainmass.com/economics/elasticity/price-elasticity-demand-19279
Solution Summary
The solution answers the question(s) below.
$2.19