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

Price elasticity of demand — practice question

The price elasticity of demand for good X is 1. If the price is $12, the quantity demanded is 4000 units. What price will apply when the quantity demanded rises to 20 000 units?

A$2.00
B$2.40
C$12.00
D$20.00

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