-Refer to Table 5-2. Using the midpoint method, if the price falls from $100 to $50, the absolute value of the price elasticity of demand is
A)0.31.
B)0.46.
C)1.25.
D)2.17

Question

-Refer to Table 5-2. Using the midpoint method, if the price falls from $100 to $50, the absolute value of the price elasticity of demand is
A)0.31. 
B)0.46. 
C)1.25. 
D)2.17

Quizplus · Accepted Answer

The Answer of 
-Refer to Table 5-2. Using the midpoint method, if the price falls from $100 to $50, the absolute value of the price elasticity of demand is
A)0.31. 
B)0.46. 
C)1.25. 
D)2.17