Refer to the information provided in Figure 5.2 below to answer the questions that follow. Figure 5.2
-Refer to Figure 5.2. If the price of a hamburger is increased from $2 to $4, the price elasticity of demand equals ________. Use the midpoint formula.
A) -0.33
B) -2.0
C) -3.0
D) -5.0

Question

Refer to the information provided in Figure 5.2 below to answer the questions that follow.  Figure 5.2
-Refer to Figure 5.2. If the price of a hamburger is increased from $2 to $4, the price elasticity of demand equals ________. Use the midpoint formula.
A) -0.33 
B) -2.0 
C) -3.0 
D) -5.0

Quizplus · Accepted Answer

The Answer of Refer to the information provided in Figure 5.2 below to answer the questions that follow.  Figure 5.2
-Refer to Figure 5.2. If the price of a hamburger is increased from $2 to $4, the price elasticity of demand equals ________. Use the midpoint formula.
A) -0.33 
B) -2.0 
C) -3.0 
D) -5.0

Refer to the Information Provided in Figure 5