-Refer to Table 5-2. Using the midpoint method, if the price falls from $200 to $150, the absolute value of the price elasticity of demand is
A)5.3.
B)2.8.
C)0.8.
D)0.36.

Question

-Refer to Table 5-2. Using the midpoint method, if the price falls from $200 to $150, the absolute value of the price elasticity of demand is
A)5.3. 
B)2.8. 
C)0.8. 
D)0.36.

Quizplus · Accepted Answer

The Answer of 
-Refer to Table 5-2. Using the midpoint method, if the price falls from $200 to $150, the absolute value of the price elasticity of demand is
A)5.3. 
B)2.8. 
C)0.8. 
D)0.36.