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Apple Pie decreases the price of french fries with truffle salt $4.90 to $4.40. As a result of the price change the daily Qd of
Apple Pie decreases the price of french fries with truffle salt $4.90 to $4.40. As a result of the price change the daily Qd of the french fries increases from 56 to 93. On the basis of this information, which of the following represents the price elasticity of demand of French fries with truffle salt at Apple Pie Bakery & Caf? Calculating Price Elasticity of Demand Price Elasticity of Demand = % change in quantity demanded % change in price % change = [(new value - original value) original value] 100 Question 38Select one: a. .58 b. .10 c. 6.5 d. 11.4
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