Vidyalelo
Management · Q114

Managerial Economics

Graduate and Post Graduate · Management · question 114

Q114

Calculate elasticity of demand: Given: That a 20% increase in the price of Bread causes the amount of Bread you buy to fall by 40%

A.
2
Answer
B.
0.5
C.
4
D.
6

Answer: Option A

Solution

Answer: Option A
No explanation is given for this question Let's Discuss on Board