Table 5-4
The following table shows the demand schedule for a particular good.
-Refer to Table 5-4. Using the midpoint method, when price falls from $8 to $4, the price elasticity of demand is
A)0.43
B)0.67
C)1
D)2.33

Question

Table 5-4
The following table shows the demand schedule for a particular good. 
-Refer to Table 5-4. Using the midpoint method, when price falls from $8 to $4, the price elasticity of demand is
A)0.43 
B)0.67 
C)1 
D)2.33

Quizplus · Accepted Answer

The Answer of Table 5-4
The following table shows the demand schedule for a particular good. 
-Refer to Table 5-4. Using the midpoint method, when price falls from $8 to $4, the price elasticity of demand is
A)0.43 
B)0.67 
C)1 
D)2.33

Table 5-4 The Following Table Shows the Demand Schedule for a Particular