If the Price of Chocolate-Covered Peanuts Decreases from $1

question 162

Multiple Choice

If the price of chocolate-covered peanuts decreases from $1.10 to $0.90 and the quantity demanded does not change, then the price elasticity of demand (using the midpoint method) is:

• A)0.
• B)0.5.
• C)1.
• D)2.

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