Studies indicate that the price elasticity of demand for beer is about 0.9. A government policy aimed at reducing beer consumption changed the price of a case of beer from $10 to $20. According to the midpoint method, the government policy should have reduced beer consumption by
A: 30%.
B: 40%.
C: 60%.
D: 74%.
A: 30%.
B: 40%.
C: 60%.
D: 74%.
举一反三
- The price of beer _________ from 50 cents to $ 4 per liter during the summer season.
- There’s _____ those bottles there. A: much beer on B: many beer in C: a lot of beer in D: a lot of beer on
- Beer is the most popular drink among male drinkers, ______ overall consumption is significantly higher than that of women.
- As to wine and beer, we can generalize that ______. A: Wine may be easier to store (than beer), but it's harder to make B: Wine may be as easier to make as beer C: Beer is harder to store than wine D: Wine may be easier to make (than beer), but it's harder to s tore
- Would you like some beer? Yes, two ____ of beer, please!