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When the price of enchiladas is $1.00, a restaurant sells 1200 enchiladas per day. The restaurant decides to increase the price to $1.10 and ends
When the price of enchiladas is $1.00, a restaurant sells 1200 enchiladas per day. The restaurant decides to increase the price to $1.10 and ends up selling 1100 enchiladas per day. What do we know about the price elasticity of demand for enchiladas at this restaurant from these numbers? The price elasticity of demand for enchiladas is _______. Group of answer choices elastic unit elastic perfectly elastic inelastic perfectly inelastic
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