-Using the data in the table above, when the price of a skirt rises from $20 to $35, what is the price elasticity of demand? (Use the midpoint method.)
A) 0.33
B) 1.00
C) 1.33
D) 3.00
E) 0.25

Question

-Using the data in the table above, when the price of a skirt rises from $20 to $35, what is the price elasticity of demand? (Use the midpoint method.)
A) 0.33 
B) 1.00 
C) 1.33 
D) 3.00 
E) 0.25

Quizplus · Accepted Answer

The Answer of 
-Using the data in the table above, when the price of a skirt rises from $20 to $35, what is the price elasticity of demand? (Use the midpoint method.)
A) 0.33 
B) 1.00 
C) 1.33 
D) 3.00 
E) 0.25

-Using the Data in the Table Above, When the Price