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antiseptic1488 [7]
3 years ago
13

Cory's coffee cafe priced its caffeine delights at ​$1.00​, they sold 150 per day. when the price was ​$2.00​, they sold 100 per

day. based on this information and using the​ average-values formula, the absolute value of the price elasticity of demand for caffeine delights is
a. 1.67
b. 3.03
c. 0.33
d. 0.60 based on the above​ calculation, demand for caffeine delights is considered to be ▼ inelastic unit-elastic elastic .
Business
1 answer:
swat323 years ago
3 0
I think the answer is b. 3.03
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