Using the midpoint method, what is the price elasticity of demand for a product whose price increased from $2 to $4 and whose quantity demanded decreased from 10 to 5 units?
A) 0.4
B) 1.0
C) 0.5
D) 2.0

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The Answer of Using the midpoint method, what is the price elasticity of demand for a product whose price increased from $2 to $4 and whose quantity demanded decreased from 10 to 5 units?
A) 0.4
B) 1.0
C) 0.5
D) 2.0

Using the Midpoint Method, What Is the Price Elasticity of Demand