If the price of chocolate-covered peanuts decreases from $1.15 to $0.90 and the quantity demanded increases from 0 bags to 400 bags, then the price elasticity of demand (using the midpoint method) is:
A)0.5.
B)1.
C)2.
D)greater than 2.

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The Answer of If the price of chocolate-covered peanuts decreases from $1.15 to $0.90 and the quantity demanded increases from 0 bags to 400 bags, then the price elasticity of demand (using the midpoint method) is:
A)0.5.
B)1.
C)2.
D)greater than 2.

If the Price of Chocolate-Covered Peanuts Decreases from $1