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Suppose that Mimi plays golf 5 times per month when the price is $60 and 4 times per month when the price is $50. What is the price elasticity of Mimi’s demand curve?

Suppose that Mimi plays golf 5 times per month when the price is $60 and 4 times per month when the price is $50. What is the price elasticity of Mimi’s demand curve?
asked 35.8k views
4 votes
Suppose that Mimi plays golf 5 times per month when the price is $60 and 4 times per month when the price is $50. What is the price elasticity of Mimi’s demand curve?

asked
User Scott Z
by
8.4k points

1 Answer

6 votes

Answer:

1.0

Step-by-step explanation:

answered
User Eldhose
by
7.7k points
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