{"id":1058,"date":"2017-10-15T20:30:00","date_gmt":"2017-10-15T14:30:00","guid":{"rendered":"https:\/\/mcqacademy.com\/en\/mcq\/if-a-price-increase-from-5-to-7-causes-quantity-demanded-to-the-own-price-elasticity-at-a-price-of-7\/"},"modified":"2017-10-15T20:30:00","modified_gmt":"2017-10-15T14:30:00","slug":"if-a-price-increase-from-5-to-7-causes-quantity-demanded-to-the-own-price-elasticity-at-a-price-of-7","status":"publish","type":"mcq","link":"https:\/\/mcqacademy.com\/en\/mcq\/if-a-price-increase-from-5-to-7-causes-quantity-demanded-to-the-own-price-elasticity-at-a-price-of-7\/","title":{"rendered":"If a price increase from $5 to $7 causes quantity demanded to &#8230; the own-price elasticity at a price of $7?"},"content":{"rendered":"<p>If a price increase from $5 to $7 causes quantity demanded to fall from 150 to 100, what is the absolute value of the own-price elasticity at a price of $7?<\/p>\n","protected":false},"author":34,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","topic":[61],"subject":[5],"class_list":["post-1058","mcq","type-mcq","status-publish","hentry","topic-quantitative-demand-analysis","subject-managerial-economics"],"mcq_note":"If a price increase from $5 to $7 causes quantity demanded to fall from 150 to 100, what is the absolute value of the own-price elasticity at a price of $7 is\u00a01.75.","mcq_options":[{"right":"no","answer":"0.57"},{"right":"yes","answer":"1.75 "},{"right":"no","answer":"0.02 "},{"right":"no","answer":"1.24 "}],"multi_answers":"no","subject_terms":[{"id":5,"title":"Managerial Economics","slug":"managerial-economics"}],"topic_terms":[{"id":61,"title":"Quantitative Demand Analysis","slug":"quantitative-demand-analysis"}],"_links":{"self":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq\/1058","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/mcq"}],"about":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/types\/mcq"}],"author":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/users\/34"}],"replies":[{"embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/comments?post=1058"}],"wp:attachment":[{"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/media?parent=1058"}],"wp:term":[{"taxonomy":"topic","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/topic?post=1058"},{"taxonomy":"subject","embeddable":true,"href":"https:\/\/mcqacademy.com\/en\/wp-json\/wp\/v2\/subject?post=1058"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}