When the Price of Tacos Rise 4 Percent,the Quantity Demanded

question 123

Multiple Choice

When the price of tacos rise 4 percent,the quantity demanded decreases 10 percent.What is the price elasticity of demand for tacos?

• A) 40.0
• B) 25.0
• C) 0.4
• D) 2.5
• E) 10.0

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Definitions:

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