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

A) cheeseburgers, nachos, churros, hot dogs
B) nachos, hot dogs, churros, cheeseburgers
C) cheeseburgers, hot dogs, churros, nachos
D) cheeseburgers, churros, hot dogs, nachos

Question

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

A) cheeseburgers, nachos, churros, hot dogs 
B) nachos, hot dogs, churros, cheeseburgers 
C) cheeseburgers, hot dogs, churros, nachos 
D) cheeseburgers, churros, hot dogs, nachos

Quizplus · Accepted Answer

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

A) cheeseburgers, nachos, churros, hot dogs 
B) nachos, hot dogs, churros, cheeseburgers 
C) cheeseburgers, hot dogs, churros, nachos 
D) cheeseburgers, churros, hot dogs, nachos

Use the Table Price Elasticities of Demand for Four Goods