(Table: The Price of a Movie Ticket) Using the midpoint formula, what is the price elasticity of the demand for movie tickets?
$\begin{array}{|l|l|}
\hline \text { Price } & \text { Quantity } \
\hline \$ 10 & 750 \
\hline \$ 20 & 450 \
\hline
\end{array}$
A) 10
B) 3.33
C) .75
D) 1.32

Question

(Table: The Price of a Movie Ticket) Using the midpoint formula, what is the price elasticity of the demand for movie tickets?
 $\begin{array}{|l|l|}
\hline \text { Price } & \text { Quantity } \
\hline \$ 10 & 750 \
\hline \$ 20 & 450 \
\hline
\end{array}$
A) 10
B) 3.33
C) .75
D) 1.32

Quizplus · Accepted Answer

The Answer of (Table: The Price of a Movie Ticket) Using the midpoint formula, what is the price elasticity of the demand for movie tickets?
 $\begin{array}{|l|l|}
\hline \text { Price } & \text { Quantity } \
\hline \$ 10 & 750 \
\hline \$ 20 & 450 \
\hline
\end{array}$
A) 10
B) 3.33
C) .75
D) 1.32

(Table: the Price of a Movie Ticket) Using the Midpoint Price Quantity $10750$20450\begin{array}{|l|l|}\hline \text { Price } & \text { Quantity } \\\hline \$ 10 & 750 \\\hline \$ 20 & 450 \\\hline\end{array} Price $10$20​ Quantity 750450​​

(Table: the Price of a Movie Ticket) Using the Midpoint $\begin{array}{|l|l|}\hline \text { Price } & \text { Quantity } \\\hline \$ 10 & 750 \\\hline \$ 20 & 450 \\\hline\end{array}$