In the Village of Frankfurter, the Demand Function for Sausages

question 65

Multiple Choice

In the village of Frankfurter, the demand function for sausages per person is D(p) = 20 - 1.5p, where p is the price of a single sausage. The present population of Frankfurter is 100 persons. Suppose that 10 more people move into town, each of whom has the same demand function as the old residents. At a price of $2, the price elasticity of demand for sausages in Frankfurter is

• A) increased by 10%.
• B) decreased by 10%.
• C) unchanged.
• D) increased by 15%.
• E) none of the above.

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