Suppose that the price of a product decreased from $6.50 to $5.50,and the quantity demanded increased from 55 to 65.What is the value of the price elasticity of demand?
A)0.5.
B)0.85.
C)1.0.
D)1.18.
E)2.0.

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The Answer of Suppose that the price of a product decreased from $6.50 to $5.50,and the quantity demanded increased from 55 to 65.What is the value of the price elasticity of demand?
A)0.5.
B)0.85.
C)1.0.
D)1.18.
E)2.0.

Suppose That the Price of a Product Decreased from $6