economic tutor

(Choi - Summer 2020) ose a fast-food chain determines that the price elasticity of demand for its hamburgers is 0.75, and the of the hamburger is currently $4.00. What will be the effect on quantity demanded and total expenditur is chain's hamburgers if the price is increased to $6.00? t one: a. Quantity demanded will fall by 0.3%, and total expenditure will decrease. b. Quantity demanded will fall by 75%, and total expenditure will increase. c. Quantity demanded will fall by 30%, and total expenditure will increase. d. Quantity demanded will fall by 0.4%, and total expenditure will decrease. e. Quantity demanded will fall by 40%, and total expenditure will increase. Next