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Babar's Bakery Made $200 Last Month Selling 100 Loaves of Bread.This

Question 29

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Babar's Bakery made $200 last month selling 100 loaves of bread.This month it made $350 selling 70 loaves of bread.What is the price elasticity of demand for Babar's bread A)0.266 B)0.583 C)0.776 D)1.110

Babar's Bakery made $200 last month selling 100 loaves of bread.This month it made $350 selling 70 loaves of bread.What is the price elasticity of demand for Babar's bread


A) 0.266
B) 0.583
C) 0.776
D) 1.110

Correct Answer:

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