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A local Krispy Kreme doughnut shop reduced its prices by 10 percent, and as a result, the quantity of doughnuts sold increased by 25 percent.

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A local Krispy Kreme doughnut shop reduced its prices by 10 percent, and as a result, the quantity of doughnuts sold increased by 25 percent. Over this range, the absolute value of the price elasticity of demand was O 2.5, making the good elastic 2.5, making the good inelastic O 0.4, making the good elastic O 0.4, making the good inelastic

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