If 20% increase in the price of a good leads to a 60% decrease in the quantity demanded, then what is the price elasticity of demand? – 极搜搜

If 20% increase in the price of a good leads to a 60% decrease in the quantity demanded, then what is the price elasticity of demand?

If 20% increase in the price of a good leads to a 60% decrease in the quantity demanded, then what is the price elasticity of demand?

A.1/3.

B.1/6.

C.30.

D.3.

正确答案：3.