Top Posters
Since Sunday
A
6
j
6
c
5
m
5
C
5
d
5
s
5
n
4
i
4
d
4
d
4
J
4
Home Q & A Board Other Fields Homework Help Business Economics
New Topic  
Sublight2097 Sublight2097
wrote...
Go to Answer
Posts: 4132
Rep: 15 0
8 years ago
Little Dicky Lemons operates a lemonade stand. Yesterday he sold 10 cups when he charged $1.00 per cup. Today he lowered his price to 80 cents, and sold 14 cups. What's the price elasticity of demand?
A) .50
B) 1.0
C) 2.0
D) 4.0
E) 8.0
Textbook 
The Economic Way of Thinking

The Economic Way of Thinking


Edition: 13th
Authors:
Read 279 times
3 Replies
Replies
Answer verified by a subject expert
DropxDropx
wrote...
#1
Top Poster
Posts: 1991
Rep: 225 0
8 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Sublight2097 Author
wrote...
#2
8 years ago
Seriously, you've been tremendously helpful! Thank you.
wrote...
#3
8 years ago
Thanks for the feedback Slight Smile
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  671 People Browsing
 116 Signed Up Today
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 389
  
 940
  
 239
Your Opinion
What's your favorite coffee beverage?
Votes: 299
Previous poll results: Which 'study break' activity do you find most distracting?