问题 单项选择题

George's Appliance Center sells big screen televisions. On a representative model, when the price was reduced from $ 2450 to $ 2275, monthly demand increased from 175 to 211 units. What is the price elasticity of demand()

A. -2.14.

B. -1.69.

C. -2.53.

答案

参考答案:C

解析:

Price elasticity of demand = % change in quantity demanded/% change in price % change in quantity =(211-175)/[(211+175)/2]=0.187 % change in price =(2275-2450)/[(2275+2450)/2]=-0.074 Price elasticity of demand =0.187/(-0.074)=-2.53

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