Use the table Price Elasticities of Demand for Four Goods I. How are these goods ranked from most responsive to a price change to least responsive to a price change?

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

Question

Use the table Price Elasticities of Demand for Four Goods I. How are these goods ranked from most responsive to a price change to least responsive to a price change?

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

Quizplus · Accepted Answer

The Answer of Use the table Price Elasticities of Demand for Four Goods I. How are these goods ranked from most responsive to a price change to least responsive to a price change?

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

Use the Table Price Elasticities of Demand for Four Goods