Table 5-2

-Refer to Table 5-2.Using the midpoint method,if the price falls from $80 to $60,the absolute value of the price elasticity of demand is
A)2.33.
B)20.
C)10.
D) 0.43.

Question

Table 5-2
 
-Refer to Table 5-2.Using the midpoint method,if the price falls from $80 to $60,the absolute value of the price elasticity of demand is
A)2.33. 
B)20. 
C)10. 
D) 0.43.

Quizplus · Accepted Answer

The Answer of Table 5-2
 
-Refer to Table 5-2.Using the midpoint method,if the price falls from $80 to $60,the absolute value of the price elasticity of demand is
A)2.33. 
B)20. 
C)10. 
D) 0.43.

Table 5-2 -Refer to Table 5-2.Using the Midpoint Method,if the Price Falls