Assume the Price Elasticity of Demand for U

question 100

Multiple Choice

Assume the price elasticity of demand for U.S.Frisbee Co.Frisbees is 0.5.If the company increases the price of each Frisbee from $12 to $16,the number of Frisbees demanded will

• A)Decrease by 14.3 percent.
• B)Decrease by 33.3 percent.
• C)Increase by 20.0 percent.
• D)Increase by 7.0 percent.

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