Bac Série B Côte D'Ivoire Practice Questions - Baccalauréat Série B (Sciences Économiques Et Sociales) - Côte D'Ivoire Exam

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If the price of raw cocoa increases by 10% on the world market and the quantity demanded by global confectioners falls by 5%, what is the price elasticity of demand (élasticité-prix de la demande)?

-2.0 (Elastic) -0.5 (Inelastic) +0.5 (Inelastic) -1.0 (Unitary elastic)

Correct Answer:

-0.5 (Inelastic)

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