QUESTION $16$

$(4$ Marks$)$

Burger King Corporation is a Restaurant Company specializing in flame$-$broled fats food hamburgers. It is the second largest hamburger chasin in the United States, after McDonalds. A large hamburger called the Whopper is Burger King's signature product. The Whopper was introduced in $1957,$ at a time when its competior McDonald's was still selling only small hamburgers".

Source: litpsilumw britannica. comllopiclBurger$-$King$-$Corporation

The table above gives the demand schedule for Whopper hamburgers

$\backslash$table$[[,$Price,Quansty Demanded$],[$A$,10,0],[$B$,8,4],[$C$,6,8],[$D$,4,12],[$E$,2,16]]$

Which of the following statements CORRECTLY describes the price elasticity of demand?

a$)$ The price elasticity of demand is larger at point A than at point $B.$

b$)$ The price elasticity of demand is constant because the slope is constant.

c$)$ The price elasticity of demand increases moving from point $A$ to point $B$ to point $C$ to point $D.$

d$)$ The price elasticity of demand is larger at point $D$ than at point $A.$