Use the table Price Elasticities of Demand for Four Goods I. If the price of each of these goods increases by 1 percent, which good will have the largest percentage decrease in quantity demanded?

A) ice cream
B) boba tea
C) funnel cakes
D) curly fries

Question

Use the table Price Elasticities of Demand for Four Goods I. If the price of each of these goods increases by 1 percent, which good will have the largest percentage decrease in quantity demanded?

A) ice cream 
B) boba tea 
C) funnel cakes 
D) curly fries

Quizplus · Accepted Answer

The Answer of Use the table Price Elasticities of Demand for Four Goods I. If the price of each of these goods increases by 1 percent, which good will have the largest percentage decrease in quantity demanded?

A) ice cream 
B) boba tea 
C) funnel cakes 
D) curly fries

Use the Table Price Elasticities of Demand for Four Goods