(Table: The Price of a Hamburger) Using the midpoint formula, what is the price elasticity of the demand for hamburgers?
$\begin{array}{|l|l|}
\hline \text { Price } & \text { Quantity } \
\hline \$ 3 & 750 \
\hline \$ 5 & 450 \
\hline
\end{array}$
A) .5
B) 1
C) 2.5
D) .01

Question

(Table: The Price of a Hamburger) Using the midpoint formula, what is the price elasticity of the demand for hamburgers?
 $\begin{array}{|l|l|}
\hline \text { Price } & \text { Quantity } \
\hline \$ 3 & 750 \
\hline \$ 5 & 450 \
\hline
\end{array}$
A) .5
B) 1
C) 2.5
D) .01

Quizplus · Accepted Answer

The Answer of (Table: The Price of a Hamburger) Using the midpoint formula, what is the price elasticity of the demand for hamburgers?
 $\begin{array}{|l|l|}
\hline \text { Price } & \text { Quantity } \
\hline \$ 3 & 750 \
\hline \$ 5 & 450 \
\hline
\end{array}$
A) .5
B) 1
C) 2.5
D) .01

(Table: the Price of a Hamburger) Using the Midpoint Formula Price Quantity $3750$5450\begin{array}{|l|l|}\hline \text { Price } & \text { Quantity } \\\hline \$ 3 & 750 \\\hline \$ 5 & 450 \\\hline\end{array} Price $3$5​ Quantity 750450​​

(Table: the Price of a Hamburger) Using the Midpoint Formula $\begin{array}{|l|l|}\hline \text { Price } & \text { Quantity } \\\hline \$ 3 & 750 \\\hline \$ 5 & 450 \\\hline\end{array}$