-The above table gives the demand schedule for Billy Bob's BBQ ribs. The price elasticity of demand for Billy Bob's ribs over the price range of $3 to $1 is equal to
A) 4.00.
B) 2.00.
C) 0.50.
D) 0.25.

Question

-The above table gives the demand schedule for Billy Bob's BBQ ribs. The price elasticity of demand for Billy Bob's ribs over the price range of $3 to $1 is equal to
A) 4.00. 
B) 2.00. 
C) 0.50. 
D) 0.25.

Quizplus · Accepted Answer

The Answer of 
-The above table gives the demand schedule for Billy Bob's BBQ ribs. The price elasticity of demand for Billy Bob's ribs over the price range of $3 to $1 is equal to
A) 4.00. 
B) 2.00. 
C) 0.50. 
D) 0.25.

-The Above Table Gives the Demand Schedule for Billy Bob's