Calculate percentage change in price and in quantity demand, Microeconomics

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Calculate percentage change in price and in quantity demand

Problem

Price Elasticity of Demand If Rita changed the price of her tacos from $1.75 to $1.50 each, her sales would grow from 100 to 125 per day. Calculate the percentage change in price and in quantity demanded and then the price elasticity of demand. Is this demand elastic, unit elastic, or inelastic?

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Microeconomics: Calculate percentage change in price and in quantity demand

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