In the accompanying table,assume that the price of ice skates increases from $10 to $20 per pair.Using the midpoint method,what is the price elasticity of demand for ice skates for hockey players?

A) -6.00
B) 0.67
C) 0.11
D) -0.16
E) 3.00

Question

In the accompanying table,assume that the price of ice skates increases from $10 to $20 per pair.Using the midpoint method,what is the price elasticity of demand for ice skates for hockey players?

A) -6.00 
B) 0.67 
C) 0.11 
D) -0.16 
E) 3.00

Quizplus · Accepted Answer

The Answer of In the accompanying table,assume that the price of ice skates increases from $10 to $20 per pair.Using the midpoint method,what is the price elasticity of demand for ice skates for hockey players?

A) -6.00 
B) 0.67 
C) 0.11 
D) -0.16 
E) 3.00

In the Accompanying Table,assume That the Price of Ice Skates