Economics 9708 · AS & A Level · Price elasticity of demand

Price elasticity of demand — practice question

A product has a unitary price elasticity of demand, and when its price is $20 a firm sells 40 000 units. If the firm sets the price at $5, how many units will it sell?

  • A10 000
  • B100 000
  • C160 000
  • D200 000

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