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The price elasticity of demand for spice is 5.13 in absolute terms. When the PRICE of spice rises from $10 to $19 what do you
The price elasticity of demand for spice is 5.13 in absolute terms. When the PRICE of spice rises from $10 to $19 what do you predict will be the percentage change in QUANTITY demanded? When calculating the %change in price, round your answer at this intermediate stage to 4 decimal places. Only the nal answer is to be rounded to 2 decimal places. When calculating, as much as possible keep your answers as fractions while you work and only round to two decimals in the very last step. This is an automatically graded quiz and we can have only one correct answer. If you don't follow the rounding instructions given, the system will mark your answer as wrong. Enter a number only, do not include the % sign. If you want to indicate a decrease, include a negative sign before your number. For example, if it is a 15.675% decrease, enter 15.68 not O.15. 3.18 -318.41 l'nai'ggin ol' (_'-rrt_)r , ' 1
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