The Price of a Bag of Pretzels Rises from $2

question 96

Multiple Choice

The price of a bag of pretzels rises from $2 to $3 and the quantity demanded decreases from 100 to 60.What is the price elasticity of demand?

• A) 1.0
• B) 1.25
• C) 40.0
• D) 20.0
• E) 0.80

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