Posted by **John** on Monday, February 23, 2009 at 10:33pm.

If there is a price change of 30% and the quantity demanded decreases by 50%, then the elasticity of demand is _____.

Is this good elastic or inelastic?

## Answer this Question

## Related Questions

- Ecconomics - Price elasticity of demand.Tell whether is elastic,perfectly ...
- Economics: Price Elasticity - Please check my answers whether they are correct ...
- economics - Identify three goods each for which your demand is (a) elastic or (b...
- home economics - Suppose that 200 gallons of gasoline are demanded at a ...
- economics - 1. Suppose that as the price of Y falls from $3.00 to $1.00 the ...
- HELP i dont get it - The producer of X is contemplating a price change and has ...
- Economics - I think I get this but could use some guidance to make sure, I am ...
- Economics are these correct - Are these correct? Thanks, Answer is next to ...
- Economics - Suppose the price elasticity of demand for a novel translated into ...
- Economics - The question is, what is the for Math formula to show rather the ...

More Related Questions