The table shows the quantities sold and the price levels of MQ2020, a luxury car manufactured by MQ Motors, in September and October 2019.
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The table shows the quantities sold and the price levels of MQ2020, a luxury car manufactured by MQ Motors, in

September and October 2019. MQ Motors could not identify any factors that could affect its sales, other than the price change. Calculate the price elasticity of demand for MQ2020.

q15_0.25.PNG

Select one:

a. 7.5

b. 0.25

c. 4.0

d. 0.8

e. 0.2

q15_0.25.PNG

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