Table 5-3
The following table shows the demand schedule for a particular good.

-Refer to Table 5-3.Using the midpoint method,when price falls from $6 to $3,the price elasticity of demand is
A) 0.43
B) 0.67
C) 1.50
D) 2.33

Question

Table 5-3
The following table shows the demand schedule for a particular good.
 
-Refer to Table 5-3.Using the midpoint method,when price falls from $6 to $3,the price elasticity of demand is
A) 0.43 
B) 0.67 
C) 1.50 
D) 2.33

Quizplus · Accepted Answer

The Answer of Table 5-3
The following table shows the demand schedule for a particular good.
 
-Refer to Table 5-3.Using the midpoint method,when price falls from $6 to $3,the price elasticity of demand is
A) 0.43 
B) 0.67 
C) 1.50 
D) 2.33

Table 5-3 The Following Table Shows the Demand Schedule for a Particular