-Figure 5-4 shows the demand schedule for hockey pucks.What is the price elasticity of demand when the price changes from $2 per puck to $1 per puck (using the midpoint formula)?
A)0.33
B)0.15
C)3.00
D)1.00
E)none of these

Question

-Figure 5-4 shows the demand schedule for hockey pucks.What is the price elasticity of demand when the price changes from $2 per puck to $1 per puck (using the midpoint formula)?
A)0.33 
B)0.15 
C)3.00 
D)1.00 
E)none of these

Quizplus · Accepted Answer

The Answer of 
-Figure 5-4 shows the demand schedule for hockey pucks.What is the price elasticity of demand when the price changes from $2 per puck to $1 per puck (using the midpoint formula)?
A)0.33 
B)0.15 
C)3.00 
D)1.00 
E)none of these

-Figure 5-4 Shows the Demand Schedule for Hockey Pucks