The Price Elasticity of Demand for Eggs Is 0

question 10

Multiple Choice

The price elasticity of demand for eggs is 0.27.Therefore,an increase in the price of eggs will cause:

• A) a decrease in egg suppliers' total revenue.
• B) an increase in the demand for eggs.
• C) an increase in egg suppliers' total revenue.
• D) an increase in the quantity demand of eggs.