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Macroeconomics Midterm - Part 1 of 3!
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Problem 1
Problem 2
Problem 3
Problem 4
Problem 5
Problem 6
Problem 7
Problem 8
Problem 9
Problem 10
Problem 11
Problem 12
Problem 13
Problem 14
Problem 15
Problem 16
Problem 17
Problem 18
Problem 19
Problem 20
Problem 21
Problem 22
Problem 23
Problem 24
Problem 25
Problem 26
Problem 27
Problem 28
Problem 29
Macroeconomics Midterm - Part 1 of 3!
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4. Elasticity / Percentage Change and Price Elasticity of Demand / Problem 28
Problem 28
If the price of a product increases by 15% and the quantity demanded decreases by 30%, what is the price elasticity of demand?
A
1.5
B
0.5
C
2
D
3
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