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Refer to the Information Provided in Figure 5

Question 56

Multiple Choice

Refer to the information provided in Figure 5.2 below to answer the questions that follow. Refer to the information provided in Figure 5.2 below to answer the questions that follow. Figure 5.2 -Refer to Figure 5.2. If the price of a hamburger is increased from $2 to $4, the price elasticity of demand equals ________. Use the midpoint formula. A) -0.33 B) -2.0 C) -3.0 D) -5.0 Figure 5.2
-Refer to Figure 5.2. If the price of a hamburger is increased from $2 to $4, the price elasticity of demand equals ________. Use the midpoint formula.


A) -0.33
B) -2.0
C) -3.0
D) -5.0

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