Table 5-1
Suppose a Coffee Shop Faces the Following Demand

Multiple Choice

Table 5-1
Suppose a coffee shop faces the following demand schedule for coffee. $\begin{array}{|c|c|}\hline \text { Price per coffee (\$) } & \text { Quantity demanded } \\\hline 4.00 & 200 \\\hline 3.00 & 600 \\\hline 2.50 & 800 \\\hline 2.00 & 1000 \\\hline 1.50 & 1200 \\\hline 1.00 & 1400 \\\hline\end{array}$
-Referring to Table 5-1, comparing the sales at $1.00 and $3.00, which of the statements below is true?

A) the price elasticity of demand is higher at $3.00 than $1.00
B) the price elasticity of demand is lower at $3.00 than at $1.00
C) the price elasticity of demand is the same at both prices
D) the price elasticity of demand at $3.00 is zero