The figure above shows the demand curve for Starbucks latte.
-In in the figure above,when the price rises from $3 to $4,the price elasticity of demand is
A) 1.4.
B) 2.
C) 0.71.
D) 0.4.
E) 1.

Question

The figure above shows the demand curve for Starbucks latte.
-In in the figure above,when the price rises from $3 to $4,the price elasticity of demand is
A) 1.4. 
B) 2. 
C) 0.71. 
D) 0.4. 
E) 1.

Quizplus · Accepted Answer

The Answer of  
The figure above shows the demand curve for Starbucks latte.
-In in the figure above,when the price rises from $3 to $4,the price elasticity of demand is
A) 1.4. 
B) 2. 
C) 0.71. 
D) 0.4. 
E) 1.

The Figure Above Shows the Demand Curve for Starbucks Latte