Multiple Choice
If the price of a soda increases from 75¢ to $1.00 and as a result the quantity demanded of sodas decreases from 10 to 9 per week, the elasticity of demand for sodas equals
A) 2.72.
B) 0.37.
C) 0.83.
D) 1.20.
Correct Answer:
Verified
Correct Answer:
Verified
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