MCQOPTIONS
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| 1. |
If the price of vegetable sandwich rises from `6 per piece to `12 per piece as a result of which the daily sales decreases from 800 to 400 pieces per day. The price elasticity of demand can be estimated as |
| A. | 0.5 |
| B. | 1.5 |
| C. | 3.0 |
| D. | 2.5 |
| Answer» B. 1.5 | |