Multiple Choice
As the price of samosas (a triangular pastry in India) was raised from 2 to 3 rupees (Indian currency) , their quantity demanded fell from 15,000 to 12,000. Rounding to the nearest tenth, the elasticity of demand of samosas is:
A) 4.
B) 0.6.
C) 1.8.
D) impossible to determine because we don't know the exchange rate of the rupee.
Correct Answer:
Verified
Correct Answer:
Verified
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