In the accompanying table,assume that the price of ice skates increases from $10 to $20 per pair.Using the midpoint method,calculate 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

Name: In the accompanying table,assume that the price of ice skates increases from $10 to $20 per pair.Using the midpoint method,calculate 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
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Question

In the accompanying table,assume that the price of ice skates increases from $10 to $20 per pair.Using the midpoint method,calculate 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 is D

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