If the price elasticity of demand is 2.5,then a 40 percent decrease in the price of the good will lead to a _______ percent increase in the quantity demanded.
A) 150.00
B) 100.00
C) 66.7
D) 22.

Question

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The Answer of If the price elasticity of demand is 2.5,then a 40 percent decrease in the price of the good will lead to a _______ percent increase in the quantity demanded.
A) 150.00
B) 100.00
C) 66.7
D) 22.

If the Price Elasticity of Demand Is 2