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Question 1

If the price of ball point pen falls from #20 to #15 and the quantity demanded increases from 200 to 300 the point elasticity of demand is equal to

  • A.2
  • B.1.25
  • C.0.5
  • D.4
Objective

Question details

Exam body
FUTA
Subject
Economics
Year
2011/2012
Question no.
#1
Type
Objective
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