Total demand drops from 500 to 400 units when a retailer increases car wash prices from $3 to $4.Price elasticity of demand (expressed as a positive number)equals _____.
A)0.57
B)0.78
C)1.75
D)2.60

Question

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The Answer of Total demand drops from 500 to 400 units when a retailer increases car wash prices from $3 to $4.Price elasticity of demand (expressed as a positive number)equals _____.
A)0.57
B)0.78
C)1.75
D)2.60

Total Demand Drops from 500 to 400 Units When a Retailer