A dog rescue operation finds when it sets its adoption fee at $60 in a month, 20 dogs are adopted, but when they drop the price to $40,40 dogs are adopted. What does that mean about the demand elasticity in their area? a none of these answers are accurate b The elasticity of demand is 0.6 and its relatively elastic c The elasticity of demand is 1.67 and its relatively inelastic d The elasticity of demand is 0.6 and its relatively inelastic e The elasticity of demand is 2 and its relatively elastic

Q&A Education