Multiple Choice
Henry raised his quantity demanded of hockey pucks from 100 to 150 when the price fell from $5 to $3 per puck. Using the midpoint method, his price elasticity of demand is:
A) 0.80
B) -1.25
C) -1.00
D) 0.40
E) -0.80
Correct Answer:
Verified
Correct Answer:
Verified
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