Author Question: As the price of dvds increases from 3 to 5, the quantity demanded falls from 220,000 to 180,000 . ... (Read 143 times)

jenna1 · **on:** Jul 1, 2018

As the price of dvds increases from 3 to 5, the quantity demanded falls from 220,000 to 180,000 . The price elasticity of demand for dvds is:
a. -0.40
b. -0.33
c. -3.00
d. -2.50

Question 2

If the stores could co-operate with each other, it would be efficient
a. For megastore to advertise and for superstore to advertise
b. For megastore to advertise and for superstore not to advertise
c. For megastore not to advertise and for superstore to advertise
d. For megastore not to advertise and for superstore not to advertise