Use the Following Information to Answer Questions -When Price Increases 7% Quantity Demanded Decreases 5

Multiple Choice

Use the following information to answer questions
$$\begin{array} { | c | c | } \hline & \begin{array} { c } \text { Price Elasticity of } \\\text { Dernard }\end{array} \\\hline \text { Good A } & 4.5 \\\hline \text { Good B } & .45 \\\hline \text { Good C } & .45 \\\hline \text { Good D } & 45 \\\hline\end{array}$$
-When price increases 7% quantity demanded decreases 5%.What is the price elasticity of demand?

A) 0.07
B) 0.71
C) 0.14
D) 1.4