A Harvard economist estimates that a doubling of enforcement efforts to block marijuana imports would raise the price (by reducing supply) by about 13 percent. Based on his estimate of the price elasticity of demand for marijuana, he expects marijuana use would fall by 26 percent. The elasticity estimate used by this economist is A. 0.4 B. 2.0 C. 3.0 D. Can't be determined

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
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Chapter3: Demand Analysis
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A Harvard economist estimates that a doubling of enforcement efforts to block marijuana imports would raise the price (by reducing supply) by about 13 percent. Based on his estimate of the price elasticity of demand for marijuana, he expects marijuana use would fall by 26 percent. The elasticity estimate used by this economist is A. 0.4 B. 2.0 C. 3.0 D. Can't be determined
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