The Price Elasticity of Demand for Eggs Is −0

question 108

Multiple Choice

The price elasticity of demand for eggs is −0.27 and the price elasticity of demand for soft drinks is −0.70. Therefore, the demand for eggs:

• A) is more elastic than the demand for soft drinks.
• B) is less elastic than the demand for soft drinks.
• C) cannot be compared to the demand for soft drinks because both have negative price elasticities.
• D) cannot be compared to the demand for soft drinks because eggs cannot be substituted for soft drinks.