Pop's Com Popcorn shop normally sells 100 bags a day when the price is S6 per bag. On half-price Wednesday, the price is $3 and Pop's sells 150 bags. What is the price elasticity of demand? O 16.67 O 1.667 O 0.6 O 0.5 O 2
Pop's Com Popcorn shop normally sells 100 bags a day when the price is S6 per bag. On half-price Wednesday, the price is $3 and Pop's sells 150 bags. What is the price elasticity of demand? O 16.67 O 1.667 O 0.6 O 0.5 O 2
Chapter6: Elasticities
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![Pop's Corn Popcorn shop normally sells 100 bags a day when the price is $6 per bag. On half-price
Wednesday, the price is $3 and Pop's sells 150 bags. What is the price elasticity of demand?
O 16.67
O 1.667
O 0.6
O 0.5
O 2](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F0260110f-125c-40b3-8dd2-381a33ffb9d5%2F45378343-89ce-4b38-a638-3da7f6e907c1%2F7avl6ah_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Pop's Corn Popcorn shop normally sells 100 bags a day when the price is $6 per bag. On half-price
Wednesday, the price is $3 and Pop's sells 150 bags. What is the price elasticity of demand?
O 16.67
O 1.667
O 0.6
O 0.5
O 2
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