If a $100 Drop in the Price of a $10,000

Multiple Choice

If a $100 drop in the price of a $10,000 car resulted in an increase in the quantity of cars purchased from 100 to 110 and a $100 drop in the price of a $1,000 vacation rental resulted in an increase in the quantity of weekly vacation homes rented from 100 to 110, the price elasticity of demand is:

A) greater for the car.
B) less for the car.
C) the same for both the car and the vacation rental.
D) not comparable.