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

Price elasticity of demand — practice question

The price elasticity of demand for grapes is –2.0. At a price of $15, quantity demanded is 5000 units. What quantity will be demanded if the price decreases to $12?

  • A3000 units
  • B5500 units
  • C7000 units
  • D7500 units

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