8) 8) Tod loves JIF peanut butter. In the US, it sells for $3.00 a jar, so Tod tends to stock up…


8) 8) Tod loves JIF peanut butter. In the US, it sells for $3.00 a jar, so Tod tends to accumulation up his pantry delay peanut butter. One summer, Tod decides to scrutinize the UK for a few months. He walks to a topical supermarket, and finds JIF peanut butter selling for $10.00 a jar! If Tod's insist is abandoned by P= 32 - 30d, what is his appraisement elasticity of insist? A) -0.7 B) -0.06 C) - 1.6 D) -0.6