Question 17 Not yet answered Marked out of 2 00 Y Remove flag Table 5-1 Suppose a coffee shop faces the following demand schedule for coffee. Wiper coffee (ii) 4.00 3.00 2.50 2.00 1.50 1.00 Referring to Table 51, comparing the sales at $1.00 and $3.00, which of the statements below is true? Select one: 0 a. the price elasticity of demand is higher at $3.00 than $1.00 0 b. the price elasticity of demand is lower at $3.00 than at $1.00 0 c. the price elasticity of demand at $3.00 is zero 0 d. the price elasticity of demand is the same at both prices mm 200 600 800 1000 1200 1400