If the price falls from $3 to $2 and the quantity demanded rises from 200 to 400 units, the price elasticity of demand using the midpoint method is
A) 2.00.
B) 1.67.
C) 0.67.
D) 0.33.

Question

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The Answer of If the price falls from $3 to $2 and the quantity demanded rises from 200 to 400 units, the price elasticity of demand using the midpoint method is
A) 2.00.
B) 1.67.
C) 0.67.
D) 0.33.

If the Price Falls from $3 to $2 and the Quantity