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) unit 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) unit elastic.
D) elastic.

Suppose That in a Month the Price of a Dozen