Price Elasticities Are Calculated for Four Goods, and the Values

question 229

Multiple Choice

Price elasticities are calculated for four goods, and the values are: 4.1; 3.7; 1.0; 0.002. Which price elasticity is most elastic?

• A) 4.1
• B) 3.7
• C) 1.0
• D) 0.002