-Refer to Exhibit 5.2, Graph D. Using midpoint formula calculate elasticity of demand if price was reduced from $200 to $50.
A) 2.03.
B) 0.67.
C) 0.33.
D) 2.54.

Question

-Refer to Exhibit 5.2, Graph D. Using midpoint formula calculate elasticity of demand if price was reduced from $200 to $50.
A) 2.03. 
B) 0.67. 
C) 0.33. 
D) 2.54.

Quizplus · Accepted Answer

The Answer of  
-Refer to Exhibit 5.2, Graph D. Using midpoint formula calculate elasticity of demand if price was reduced from $200 to $50.
A) 2.03. 
B) 0.67. 
C) 0.33. 
D) 2.54.