Question: MaMa's Bubble Tea store raises the price per bubble tea by 6%. As a result, the number of bubble teas bought decreases by 3%. We

MaMa's Bubble Tea store raises the price per bubble tea by 6%. As a result, the number of bubble teas bought decreases by 3%. We conclude that the price-elasticity of demand for MaMa's Bubble Tea is Question 29Select one: A. 3. B. 18. C. 0.5. D. 6. E. 2

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1. What is the meaning of the information we are collecting?

3. How much information do we need to collect?

2. What types of information are we collecting?