-Using the table above, the elasticity of demand is equal to 1 at a price of
A) $6.
B) $3.
C) $5.
D) $8.
E) $1.

Question

-Using the table above, the elasticity of demand is equal to 1 at a price of
A) $6. 
B) $3. 
C) $5. 
D) $8. 
E) $1.

Quizplus · Accepted Answer

The elasticity of demand is equal to 1 at a price point where the percentage change in quantity demanded is equal to the percentage change in price. This is often referred to as unit elastic demand. Without the specific table data, we can't calculate the exact figures, but typically, the correct answer is determined by identifying the price point where this condition is met. Given the options, if the question specifies that the elasticity of demand equals 1 at a certain price, it's indicating a specific point on the demand curve without needing to see the table.

-Using the Table Above, the Elasticity of Demand Is Equal