Table 5-2

-Refer to Table 5-2.Using the midpoint method,if the price falls from $40 to $20,the absolute value of the price elasticity of demand is
A) 20.
B) 10.
C) 2.33.
D) 0.43.

Question

Table 5-2
 
-Refer to Table 5-2.Using the midpoint method,if the price falls from $40 to $20,the absolute value of the price elasticity of demand is
A) 20. 
B) 10. 
C) 2.33. 
D) 0.43.

Quizplus · Accepted Answer

The Answer of Table 5-2
 
-Refer to Table 5-2.Using the midpoint method,if the price falls from $40 to $20,the absolute value of the price elasticity of demand is
A) 20. 
B) 10. 
C) 2.33. 
D) 0.43.

Table 5-2 -Refer to Table 5-2.Using the Midpoint Method,if the Price Falls