When the Price of a Bar of Chocolate Is $2,Sharon

question 157

Multiple Choice

When the price of a bar of chocolate is $2,Sharon consumes 10 chocolates.If her arc elasticity of demand for chocolates is −1,how many bars of chocolates will she consume when the price increases to $4?

• A) 5
• B) 6
• C) 8
• D) 9

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