If the quantity demanded of noodles increases by 3 percent when the price of noodles falls by 50 percent, what is the price elasticity of demand for noodles?

Is the demand for noodles

elastic, inelastic, or unit elastic?

Part 1

The price elasticity of demand for noodles is

>>> Answer to 2 decimal places.

Part 2

Based on the number you've calculated, the demand for

noodles

is _______.

A.elastic

elastic

B.inelastic

inelastic

C.unit elastic