Refer to the Information Provided in Figure 5

Multiple Choice

Refer to the information provided in Figure 5.2 below to answer the question(s) that follow. Figure 5.2
-Refer to Figure 5.2. If the price of a hamburger increases from $6 to $8, the price elasticity of demand equals ________. Use the midpoint formula.

A) -0.24
B) -1.0
C) -1.4
D) -2.0