Suppose a cosmetics company increases the price of eyeliner by 10 percent and as a result the quantity demanded of eyeliner decreases by 2.5 percent.The price elasticity of demand for eyeliner is:
A) 4.0.
B) 2.5.
C) 0.4.
D) 0.25

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The Answer of Suppose a cosmetics company increases the price of eyeliner by 10 percent and as a result the quantity demanded of eyeliner decreases by 2.5 percent.The price elasticity of demand for eyeliner is:
A) 4.0.
B) 2.5.
C) 0.4.
D) 0.25

Suppose a Cosmetics Company Increases the Price of Eyeliner by 10