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Lauren1 Lauren1
wrote...
Posts: 4120
9 years ago
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.
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Answer accepted by topic starter
MrDerecheMrDereche
wrote...
Top Poster
Posts: 4097
9 years ago
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Lauren1 Author
wrote...
9 years ago
Thank you, this really, really helps Heavy Heart
wrote...
9 years ago
You're welcome!
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