Last year Jojo spent $1.50 per litre on 100 litres of gasoline. This year, the prices are 24 percent higher at $1.86 per litre. So, he cut back his consumption to 88 litres, which is a 12 percent decrease. Based on this information, Jojos price elasticity of gasoline is ____. Question 10 Select one: A. 2.0 B. 0.75 C. 0.50 D. 2.4 E. 0.20

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Last year Jojo spent $1.50 per litre on 100 litres of gasoline. This year, the prices are 24 percent higher at $1.86 per litre. So, he cut back his consumption to 88 litres, which is a 12 percent decrease. Based on this information, Jojos price elasticity of gasoline is ____.  Question 10 Select one:  A. 2.0  B. 0.75  C. 0.50  D. 2.4  E. 0.20

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