Business
Business, 19.02.2020 00:59, delvin7698

Measuring the price of gasoline in dollars, an economist calculates the price elasticity of demand to be -.5. What would the price elasticity of demand be if the economist had chosen to measure the price of gasoline in pennies rather than dollars?

A. -.005
B. .-5
C. -.05
D. -50

answer
Answers: 2

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Measuring the price of gasoline in dollars, an economist calculates the price elasticity of demand t...

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