(Table: the Price of a Movie Ticket) Using the Midpoint $\begin{array}{|l|l|}\hline \text { Price } & \text { Quantity } \\\hline \$ 10 & 750 \\\hline \$ 20 & 450 \\\hline\end{array}$

Multiple Choice

(Table: The Price of a Movie Ticket) Using the midpoint formula, what is the price elasticity of the demand for movie tickets?
$\begin{array}{|l|l|}\hline \text { Price } & \text { Quantity } \\\hline \$ 10 & 750 \\\hline \$ 20 & 450 \\\hline\end{array}$

A) 10
B) 3.33
C) .75
D) 1.32