Table 5-2

-Refer to Table 5-2. Using the midpoint method, if the price falls from $100 to $50, the price elasticity of demand is
A) zero.
B) inelastic.
C) unit elastic.
D) elastid.

Question

Table 5-2
 
-Refer to Table 5-2. Using the midpoint method, if the price falls from $100 to $50, the price elasticity of demand is
A) zero. 
B) inelastic. 
C) unit elastic. 
D) elastid.

Quizplus · Accepted Answer

The Answer of Table 5-2
 
-Refer to Table 5-2. Using the midpoint method, if the price falls from $100 to $50, the price elasticity of demand is
A) zero. 
B) inelastic. 
C) unit elastic. 
D) elastid.

Table 5-2 -Refer to Table 5-2. Using the Midpoint Method, If the Midpoint