If the Price of a Certain Brand of Sneakers Falls

Multiple Choice

If the price of a certain brand of sneakers falls from $27.50 to $22.50,and the quantity demanded by consumers increases from 15 to 25 pairs per week,then the price elasticity of demand is

A) 0.25
B) 1.00
C) 2.75
D) 1.50
E) 2.50