If the price of Pepsi-Cola increases from 40 cents to 50 cents per can and the quantity demanded decreases from 100 cans to 50 cans, then the value of the price elasticity of demand for Pepsi-Cola is:
A)−0.5.
B)−0.25.
C)−1.
D) −3.
E) −2.

Question

If the price of Pepsi-Cola increases from 40 cents to 50 cents per can and the quantity demanded decreases from 100 cans to 50 cans, then the value of the price elasticity of demand for Pepsi-Cola is:​
A)−0.5.
B)−0.25.
C)−1.
D) −3.
E) −2.

Quizplus · Accepted Answer

The Answer of If the price of Pepsi-Cola increases from 40 cents to 50 cents per can and the quantity demanded decreases from 100 cans to 50 cans, then the value of the price elasticity of demand for Pepsi-Cola is:​
A)−0.5.
B)−0.25.
C)−1.
D) −3.
E) −2.

If the Price of Pepsi-Cola Increases from 40 Cents to 50