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Please help me, I don't understand. Thank you Question 7 1 pts When the price of a product falls from $22.00 to $18.00, the quantity

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Please help me, I don't understand. Thank you

image text in transcribed
Question 7 1 pts When the price of a product falls from $22.00 to $18.00, the quantity demanded increases from 80 units to 120 units. The price elasticity of demand equals O 10.0. O 2.00. O 1.00. O 0.50. O None of the above answers is correct

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