When the Price of a Sweet Roll Is $2, the Bakery

question 215

Multiple Choice

When the price of a sweet roll is $2, the bakery sells 300 rolls per week.If it raises the price to $3, then it sells 150 rolls per week.Based on this, the price elasticity of a sweet roll between these prices is

• A)0.40.
• B)1
• C)1.67.
• D)0.67.

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