Use the Table Price Elasticities of Demand for Four Goods

Multiple Choice

Use the table Price Elasticities of Demand for Four Goods II. How are these goods ranked from least responsive to a price change to most responsive to a price change?

A) cheeseburgers, nachos, churros, hot dogs
B) nachos, hot dogs, churros, cheeseburgers
C) cheeseburgers, hot dogs, churros, nachos
D) cheeseburgers, churros, hot dogs, nachos