A Peck Is 1/4 of a Bushel

question 16

Multiple Choice

A peck is 1/4 of a bushel.If the price elasticity of demand for peas is -0.10 when peas are measured in bushels, then when peas are measured in pecks, the price elasticity of demand for peas will be

• A)-0.10.
• B)-0.40.
• C)-0.03.
• D)-0.20.
• E)none of the above.

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