If the price of coffee increases by 50% and the quantity demanded falls by 10%, then what is the price elasticity of demand for coffee?
a) 5
b) 2
c) 20
d) 1/5
+4
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “If the price of coffee increases by 50% and the quantity demanded falls by 10%, then what is the price elasticity of demand for coffee? a) ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Home » Business » If the price of coffee increases by 50% and the quantity demanded falls by 10%, then what is the price elasticity of demand for coffee? a) 5 b) 2 c) 20 d) 1/5