Suppose that the quantity demanded of a good rises from 40 units to 60 units per month when the price falls from $1.05 to 95 cents per unit.The price elasticity of demand for this product is
A)0.5.
B)1.0.
C)1.5.
D)2.0.
E)4.0.

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The Answer of Suppose that the quantity demanded of a good rises from 40 units to 60 units per month when the price falls from $1.05 to 95 cents per unit.The price elasticity of demand for this product is
A)0.5.
B)1.0.
C)1.5.
D)2.0.
E)4.0.

Suppose That the Quantity Demanded of a Good Rises from 40