When the price of a burrito increases from $2 to $4,the quantity demanded decreases from 50 to 40.Using the midpoint method,the price elasticity of demand equals
A) 1/3.
B) 3.
C) 2.
D) 1.
E) 1/2.

Question

Quizplus · Accepted Answer

The Answer of When the price of a burrito increases from $2 to $4,the quantity demanded decreases from 50 to 40.Using the midpoint method,the price elasticity of demand equals
A) 1/3.
B) 3.
C) 2.
D) 1.
E) 1/2.

When the Price of a Burrito Increases from $2 to $4,the