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Introduction to Economics 1
Introduction to Economics 1 Deneme Sınavı
Introduction to Economics 1 Deneme Sınavı Sorusu #1278241
Introduction to Economics 1 Deneme Sınavı Sorusu #1278241
Assume that a 10 percent increase in the price of cigarettes causes a 15 percent decrease in the quantity demanded for cigarettes. What is the price elasticity of demand in this case?
|
0.25 |
|
0.5 |
|
1 |
|
1.5 |
|
1.75 |
Yanıt Açıklaması:
?P d = %?Qd/%?P = 15%/10% =1.5. Answer is D.
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