The price of a loaf of sourdough bread falls from $2 to $1. In response to this price change, the quantity demanded for sourdough bread increases by 30%. What is the absolute value of the price elasticity of demand for sourdough bread?
A)1.67
B)-1.67
C)0.6
D)-0.6

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The Answer of The price of a loaf of sourdough bread falls from $2 to $1. In response to this price change, the quantity demanded for sourdough bread increases by 30%. What is the absolute value of the price elasticity of demand for sourdough bread?
A)1.67
B)-1.67
C)0.6
D)-0.6

The Price of a Loaf of Sourdough Bread Falls from $2