Theta, Inc Which of the Following Is the Price Elasticity of Demand

Multiple Choice

Theta, Inc., sells three different products. The following information is provided by Theta: $\begin{array}{lrrrr}&&&\text { Sales Quantity }&\text { Sales Quantity }\\\text { Product } & \text { Old Price } & \text { New Price } &\text { (at old price) }&\text { (at NEW price) }\\\text { Alpha } & \$ 20.00 & \$ 25.00 & 5,000 & 5,100 \\\text { Beta } & 10.00 & 5.00 & 8,000 & 14,000 \\\text { Gamma } & 40.00 & 39.00 & 900 & 850\end{array}$ Which of the following is the price elasticity of demand for the product Beta? (Give the answer to one decimal place.)

A) ?1.5
B) 1.2
C) ?2.2
D) 2.5