At a price of $10, Jane would buy 8 CDs. At a price of $12, Jane would buy 6 CDs. Her price elasticity of demand would then be:
A. -1/2
B. -11/7
C. -5/4
D. -5/8
E. -4/5
At a price of $10, Jane would buy 8 CDs. At a price of $12, Jane would buy 6 CDs. Her price elasticity of demand would then be:
A. -1/2
B. -11/7
C. -5/4
D. -5/8
E. -4/5
elasticity
Linear Mode
