Refer to the figure above. Over the $5-$6 range, the elasticity of demand using the midpoint formula is:
A) 0.22.
B) 0.88.
C) 1.00.
D) 1.16.

Name: Refer to the figure above. Over the $5-$6 range, the elasticity of demand using the midpoint formula is: A) 0.22. B) 0.88. C) 1.00. D) 1.16.
Brand: Quizplus
Rating: 4.8 (30 reviews)

Question

Refer to the figure above. Over the $5-$6 range, the elasticity of demand using the midpoint formula is:
A) 0.22. 
B) 0.88. 
C) 1.00. 
D) 1.16.

Quizplus · Accepted Answer

The Answer of  Refer to the figure above. Over the $5-$6 range, the elasticity of demand using the midpoint formula is:
A) 0.22. 
B) 0.88. 
C) 1.00. 
D) 1.16.

Refer to the Figure Above