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Refer to the Accompanying Table to Answer the Following Questions

Question 8

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Refer to the accompanying table to answer the following questions.
Refer to the accompanying table to answer the following questions. -The price of erasers increases from $0.50 to $1.00 per eraser.Using the midpoint method,what is the cross-price elasticity of demand between pencils and erasers? A) -0.13 B) 7.67 C) -7.67 D) 0.13 E) -3
-The price of erasers increases from $0.50 to $1.00 per eraser.Using the midpoint method,what is the cross-price elasticity of demand between pencils and erasers?


A) -0.13
B) 7.67
C) -7.67
D) 0.13
E) -3

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