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Use the Following Information to Answer Questions -Which of the Above Goods Is the Most Responsive to c

Question 3

Multiple Choice

Use the following information to answer questions
 Price Elasticity of  Dernard  Good A 4.5 Good B .45 Good C .45 Good D 45\begin{array} { | c | c | } \hline & \begin{array} { c } \text { Price Elasticity of } \\\text { Dernard }\end{array} \\\hline \text { Good A } & 4.5 \\\hline \text { Good B } & .45 \\\hline \text { Good C } & .45 \\\hline \text { Good D } & 45 \\\hline\end{array}
-Which of the above goods is the most responsive to changes in price?


A) Good A
B) Good B
C) Good C
D) Good D

Correct Answer:

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