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Figure 5-8

Question 167

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Figure 5-8. A demand curve is shown on the graph below. On the graph, Q represents quantity demanded and P represents price.
Figure 5-8. A demand curve is shown on the graph below. On the graph, Q represents quantity demanded and P represents price. -Refer to Figure 5-8.Using the midpoint method,between prices of $48 and $54,price elasticity of demand is about A) 0.92. B) 3.89. C) 4.33. D) 5.67.
-Refer to Figure 5-8.Using the midpoint method,between prices of $48 and $54,price elasticity of demand is about


A) 0.92.
B) 3.89.
C) 4.33.
D) 5.67.

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