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The price of coee increases from $3.00 to $3.60 per pound. In response to the price change, the quantity demanded of coee falls by 25%.

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The price of coee increases from $3.00 to $3.60 per pound. In response to the price change, the quantity demanded of coee falls by 25%. The absolute value of the price elasticity of demand for coffee is , and the price elasticity of demand is . O A. 0.73; elastic O B. 0.73; inelastic O C. 1.38; elastic O D. 1.38; inelastic

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