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    Principles of Microeconomics
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    Exam 5: Elasticity and Its Application
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    Table 5-2 -Refer to Table 5-2.Using the Midpoint Method,if the Price Falls
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Table 5-2 -Refer to Table 5-2.Using the Midpoint Method,if the Price Falls

Question 290

Question 290

Multiple Choice

Table 5-2
Table 5-2    -Refer to Table 5-2.Using the midpoint method,if the price falls from $60 to $40,the price elasticity of demand is A)  zero. B)  inelastic. C)  unit elastic. D)  elastic.
-Refer to Table 5-2.Using the midpoint method,if the price falls from $60 to $40,the price elasticity of demand is


A) zero.
B) inelastic.
C) unit elastic.
D) elastic.

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