Multiple Choice
Owners of a coffee shop finds that they can sell 150 donuts a day when the price of a donut is $1.20. When they price donuts at $1, they sell 170 donuts. The absolute value of the price elasticity of demand for donuts is
A) 0.69.
B) 1.45.
C) 1.00.
D) infinity.
Correct Answer:
Verified
Correct Answer:
Verified
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