Table 5-2

-Refer to Table 5-2.Using the midpoint method,if the price falls from $40 to $20,the price elasticity of demand is
A) zero.
B) inelastic.
C) unit elastic.
D) elastic.

Question

Table 5-2
 
-Refer to Table 5-2.Using the midpoint method,if the price falls from $40 to $20,the price elasticity of demand is
A) zero. 
B) inelastic. 
C) unit elastic. 
D) elastic.

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 price elasticity of demand is
A) zero. 
B) inelastic. 
C) unit elastic. 
D) elastic.

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