(Table: the Price of a Hamburger) Using the Midpoint Formula $\begin{array}{|l|l|}\hline \text { Price } & \text { Quantity } \\\hline \$ 3 & 750 \\\hline \$ 5 & 450 \\\hline\end{array}$

Multiple Choice

(Table: The Price of a Hamburger) Using the midpoint formula, what is the price elasticity of the demand for hamburgers?
$\begin{array}{|l|l|}\hline \text { Price } & \text { Quantity } \\\hline \$ 3 & 750 \\\hline \$ 5 & 450 \\\hline\end{array}$

A) .5
B) 1
C) 2.5
D) .01