The Price Elasticity of Demand for Eggs Is

question 45

Multiple Choice

The price elasticity of demand for eggs is .27 and the price elasticity of demand for soft drinks is .70.Therefore,the demand for eggs

• A) is more elastic.
• B) is less elastic.
• C) cannot be compared to the demand for soft drinks because both are negative.
• D) cannot be compared to the demand for soft drinks because eggs cannot be substituted for soft drinks.