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Economics Entry Tests: Certification Test 432

Elasticity of Demand Quiz App & e-Book: MCQ 432

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MCQ: 432

If there is 20 percent increase in the prices of popcorns causes the amount of popcorns you are buying to fall by 40 percent, what will be the price elasticity of demand?

  1. 10 percent
  2. 15 percent
  3. 20 percent
  4. 25 percent

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