Top Posters
Since Sunday
17
6
C
6
6
m
5
m
5
m
5
c
5
c
5
m
4
b
4
i
4

Question

Suppose a rise in the price of peaches from $5.50 to $6.50 per bushel decreases the quantity demanded from 12,500 to 11,500 bushels. The price elasticity of demand is
A) 0.5.
B) 1.0.
C) 2.0.
D) 1000.0.

Answer

15 Seconds

Please Login or Register to use this feature.
Add Comment
Explore
Post your homework questions and get free online help from our incredible volunteers
  188 People Browsing
 279 Signed Up Today