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

Price elasticity of demand — practice question

The price elasticity of demand for good X equals 1. When the price is $12, the quantity demanded is 4000 units. What is the price 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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