The price of a bag of pretzels rises from $2 to $3 and the quantity demanded decreases from 100 to 60. What is the price elasticity of demand?
A) 1.0
B) 1.25
C) 40.0
D) 20.0
E) 0.80
B
Economics
You might also like to view...
Mike is a college student who works part time and earns $100 per week. He spends his entire income on two goods: pepperoni pizzas and bottles of soda. The price of a pepperoni pizza is $10 and the price of a bottle of soda is $2
What is the opportunity cost of a pepperoni pizza? What is the opportunity cost of a bottle of soda?
Economics
Investment spending is inversely related to the interest rate
a. True b. False
Economics