When the price of a sweet roll is $2, the bakery sells 300 rolls per week. If it raises the price to $3, then it sells 150 rolls per week. Based on this, the price elasticity of a sweet roll between these prices is
A. 0.40.
B. 1
C. 1.67.
D. 0.67.
Answer: C
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You are trying to decide if you should take a vacation. Your cost-benefit analysis indicates that the benefits outweigh the costs. You should
A) take a vacation. B) not take a vacation. C) take a vacation only if you have enough cash saved up to pay for it up front. D) More information is needed to make this decision.
Consider a country that produces only two goods: parrots and iguanas. Suppose it is impossible for this country to increase its production of parrots without producing fewer iguanas. In this case, its current output combination is efficient
Indicate whether the statement is true or false
Exhibit 36-2 Stock High Low Close Net chg. Dasher 17.25 16.75 17.00 (A) Dancer 34.85 34.25 (B) +0.25 Prancer 56.50 55.90 56.00 (C) Vixen 65.90 (D) 64.75 -0.75 Refer to Exhibit 36-2. If the closing price of Vixen's stock on the previous day was $65.50, what value goes in blank (D)?
A. 64.00 B. 65.15 C. 65.75 D. 65.00 E. There is not enough information given to answer this question.
Hourly wages in Mexico are ____________ those paid in the United States for comparable work.
A. equal to B. one half C. one quarter D. one eighth