As the price of video games is raised from 20to 25, their ...

[rl]

As the price of video games is raised from 20to 25, their quantity demanded fell from 1.5 million copies to 1 million copies. The price elasticity of demand for video games is:
 a. -0.55
  b. -1.8
 c. -1.33
  d. -2.08

Question 2

When buying a car from a commission salesman you improve your bargaining position by
 a. shopping for last year's model when the new model year cars are arriving
  b. shopping when the showroom is full of customers
 c. shopping when the car lot has few cars left unsold
 d. shopping toward the beginning of the month

[olivia_paige29]

Answer to Question 1

b

Answer to Question 2

a

[rl]

Great answer, keep it coming

[frankwu0507]

Thanks for the timely response, appreciate it