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The price of a pound of the Honeycrisp variety of apples increased from $1.00 per pound to $2.50 per pound and the demand dropped from

The price of a pound of the Honeycrisp variety of apples increased from $1.00 per pound to $2.50 per pound and the demand dropped from 150,000 pounds per week to 100,000 pounds per week. What is the price elasticity of demand for Honeycrisp apples? (Choose the closest correct answer) Question 11 options: -0.58 -0.75 1.68 -0.47

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