Business, 11.02.2020 23:27, yungnoaweo4209

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 using the arc elasticity calculation method is:.
A. 0
B. -0.5
C. -1
D. -2

Answers: 2

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If the price of chocolate-covered peanuts decreases from $1.10 to $0.90 and the quantity demanded in...