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-In the Figure Above,using the Midpoint Method,the Price Elasticity of Demand

Question 8

Multiple Choice

-In the figure above,using the midpoint method,the price elasticity of demand when the price falls from $7 to $6 is equal to A) 2.50. B) 1.63. C) 0.40. D) 0.62. E) 1.00.
-In the figure above,using the midpoint method,the price elasticity of demand when the price falls from $7 to $6 is equal to


A) 2.50.
B) 1.63.
C) 0.40.
D) 0.62.
E) 1.00.

Correct Answer:

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