Suppose that in a month the price of a dozen of eggs increases from $1.50 to $2. At the same time, the quantity of dozens of eggs demanded decreases from 200 to 150. The price elasticity of demand for dozens of eggs is:
A)perfectly inelastic.
B)inelastic.
C)unitary elastic.
D)elastic.

Question

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The Answer of Suppose that in a month the price of a dozen of eggs increases from $1.50 to $2. At the same time, the quantity of dozens of eggs demanded decreases from 200 to 150. The price elasticity of demand for dozens of eggs is:
A)perfectly inelastic.
B)inelastic.
C)unitary elastic.
D)elastic.

Suppose That in a Month the Price of a Dozen