If quantity demanded for sneakers falls by 15 percent when price increases 30 percent, we know that the absolute value of the own price elasticity of sneakers is:
a) 0.3.
b) 0.4.
c) 0.5.
d) 0.6.
a) 0.3.
b) 0.4.
c) 0.5.
d) 0.6.