Multiple Choice
If the price of chocolate-covered peanuts decreases from $1.10 to $0.90 and the quantity demanded increases from 180 bags to 220 bags, this indicates that, if other things are unchanged, the price elasticity of demand is:
A) 0.
B) -0.5.
C) -1.
D) -2.
Correct Answer:
Verified
Correct Answer:
Verified
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