Multiple Choice
A poultry rancher discovered that when she increased the price of organic eggs from $0.75 to $1.00 per dozen, the sales of her eggs fell from 300 dozen per week to 200 dozen per week. Her price elasticity of demand (using the midpoint method) would be
A) 2.60.
B) 1.40.
C) 0.75.
D) 1.00.
Correct Answer:
Verified
Correct Answer:
Verified
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