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Refer to the Following Table Showing a Demand Schedule  Price  Quantity  demanded $200100015014001001800\begin{array}{ll}\text { Price } & \text { Quantity } \\ &\text { demanded } \\\$ 200 &1000\\150 & 1400 \\100 & 1800\end{array}

Question 21

Multiple Choice

Refer to the following table showing a demand schedule:

 Price  Quantity  demanded $200100015014001001800\begin{array}{ll}\text { Price } & \text { Quantity } \\ &\text { demanded } \\\$ 200 &1000\\150 & 1400 \\100 & 1800\end{array}
-If price falls from $200 to $150, what is the elasticity of demand over this range?


A) -0.625
B) -1.0
C) -1.17
D) -.5
E) -3.0

Correct Answer:

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