Question: Use the graph to answer the question that follows. Demand for Product Z 2 4, 10 8, 8 Price (Dollars) 16, 6 24.4 30. 2

Use the graph to answer the question that follows. Demand for

Use the graph to answer the question that follows. Demand for Product Z 2 4, 10 8, 8 Price (Dollars) 16, 6 24.4 30. 2 20 Quantity (Pounds) What is the price elasticity of demand when price increases from $8 to $10? 0.4 0.5 O 1.25

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