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

Question

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:

swat32 · Answer 1 · 2022-07-21T06:54:25+03:00

swat323 years ago

3 0

I think the answer is b. 3.03

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

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