Refer to the accompanying table.When the price drops from $5 to $3,price elasticity of demand for sushi (using the midpoint method)at an income of $30,000 is

A) 0.71.
B) 0.67.
C) 0.10.
D) 0.33.
E) -0.67.

Question

Refer to the accompanying table.When the price drops from $5 to $3,price elasticity of demand for sushi (using the midpoint method)at an income of $30,000 is

A) 0.71. 
B) 0.67. 
C) 0.10. 
D) 0.33. 
E) -0.67.

Quizplus · Accepted Answer

The Answer of Refer to the accompanying table.When the price drops from $5 to $3,price elasticity of demand for sushi (using the midpoint method)at an income of $30,000 is

A) 0.71. 
B) 0.67. 
C) 0.10. 
D) 0.33. 
E) -0.67.

Refer to the Accompanying Table