Figure: The Demand Curve for Oil (Figure: Demand Curve for Oil) Look at the figure The Demand Curve for Oil.The price elasticity of demand between $20 and $21, using the midpoint method, is approximately:
A)0.21.
B)0.49.
C)2.1.
D)4.9.

Question

Figure: The Demand Curve for Oil  (Figure: Demand Curve for Oil) Look at the figure The Demand Curve for Oil.The price elasticity of demand between $20 and $21, using the midpoint method, is approximately:
A)0.21. 
B)0.49. 
C)2.1. 
D)4.9.

Quizplus · Accepted Answer

The Answer of Figure: The Demand Curve for Oil  (Figure: Demand Curve for Oil) Look at the figure The Demand Curve for Oil.The price elasticity of demand between $20 and $21, using the midpoint method, is approximately:
A)0.21. 
B)0.49. 
C)2.1. 
D)4.9.

Figure: the Demand Curve for Oil (Figure: Demand Curve