Multiple Choice
Tara buys 4 alternative rock CDs when price is $10 and only 2 when price is $14. Using the method of average values, her price elasticity of demand for alternative rock CDs is
A) 0.00
B) 0.50
C) 2.00
D) 5.00
E) 10.0
Correct Answer:
Verified
Correct Answer:
Verified
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