When the price of tacos rises 4 percent, the quantity demanded decreases 10 percent. What is the price elasticity of demand for tacos?
A) 40.0
B) 25.0
C) 0.4
D) 2.5
E) 10.0
D
Economics
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Which of the following best defines national income?
A. Income received by households less personal taxes. B. The before-tax income received by households. C. Incomes earned by U.S. resource suppliers plus taxes on production and imports. D. The market value of the annual output net of consumption of fixed capital.
Economics
Compare and contrast the burden of internally financed debt to externally financed debt.
What will be an ideal response?
Economics