Table: Price Elasticity
(Table: Price Elasticity) Look again at the table Price Elasticity.What is the price elasticity of demand between $1.00 and $0.75?
A)0.54
B)0.66
C)0.75
D)1.0

Question

Quizplus · Accepted Answer

The price elasticity of demand between $1.00 and $0.75 is 0.54. This is calculated by dividing the percentage change in quantity demanded (25%) by the percentage change in price (25%).

Table: Price Elasticity (Table: Price Elasticity) Look Again at the Table Price Elasticity.What