On most days the price of a rose is $1 and 80 roses are purchased. On Valentine's Day demand increases so that the price of a rose rises to $2 and 320 roses are purchased. Therefore, the price elasticity of
A) supply of roses is about 0.55.
B) demand for roses is about 1.8.
C) supply of roses is about 1.8.
D) demand for roses is about 0.55.

Question

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The Answer of On most days the price of a rose is $1 and 80 roses are purchased. On Valentine's Day demand increases so that the price of a rose rises to $2 and 320 roses are purchased. Therefore, the price elasticity of
A) supply of roses is about 0.55.
B) demand for roses is about 1.8.
C) supply of roses is about 1.8.
D) demand for roses is about 0.55.

On Most Days the Price of a Rose Is $1