If the Price of Coca-Cola Increases from 40 Cents to 50

question 174

Multiple Choice

If the price of Coca-Cola increases from 40 cents to 50 cents per can and the quantity demanded decreases from 100 cans to 50 cans,then the value of the price elasticity of demand for Coca-Cola is _____

• A)0.5.
• B)0.25.
• C)1.
• D)3.
• E)2.

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