[Solved] If the price of burger rises from `12 per piece to `20 per piece as a result of which the daily sales decreases from 300 to 200 pieces per day. The price elasticity of demand can be estimated as

Q.	If the price of burger rises from `12 per piece to `20 per piece as a result of which the daily sales decreases from 300 to 200 pieces per day. The price elasticity of demand can be estimated as
A.	0.5
B.	0.8
C.	0.25
D.	2.10
Answer» A. 0.5

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Fundamentals of Economics and Management

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