Multiple Choice
When the price of a sweet roll is $2, the bakery sells 300 rolls per week.If it raises the price to $3, then it sells 150 rolls per week.Based on this, the price elasticity of a sweet roll between these prices is
A) 0.40.
B) 1
C) 1.67.
D) 0.67.
Correct Answer:
Verified
Correct Answer:
Verified
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