If a rightward shift of the supply curve leads to a 6 percent decrease in the price and a 5 percent
increase in the quantity demanded, the price elasticity of demand is
0.33 c. 0.83
0.60 d. 1.20

Question

03-01-2021
Math

Answered

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If a rightward shift of the supply curve leads to a 6 percent decrease in the price and a 5 percent
increase in the quantity demanded, the price elasticity of demand is
0.33 c. 0.83
0.60 d. 1.20

Sagot :

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