Solved

When the Price of Tacos Rises 4 Percent,the Quantity Demanded

Question 162

Multiple Choice

When the price of tacos rises 4 percent,the quantity demanded decreases 10 percent.What is the price elasticity of demand for tacos?

A) 40.0
B) 25.0
C) 0.4
D) 2.5
E) 10.0

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