Economics MCQs – Certification Test 432

Elasticity of Demand Quiz (Question 432) – App & e-Book Download

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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?

10 percent
15 percent
20 percent
25 percent

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