Suppose at a Price of $10 the Quantity Demanded Is

Multiple Choice

Suppose at a price of $10 the quantity demanded is 100.When the price falls to $8, the quantity demanded increases to 130.The price elasticity of demand between the prices of $10 and $8, using the midpoint method, is approximately:

A) 1.17.
B) 1.50.
C) 0.85.
D) 1.00.