-Using the table above,the elasticity of demand is equal to 1 at a price of
A) $8.
B) $6.
C) $5.
D) $3.
E) $1.

Name: -Using the table above,the elasticity of demand is equal to 1 at a price of A) $8. B) $6. C) $5. D) $3. E) $1.
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Question

-Using the table above,the elasticity of demand is equal to 1 at a price of
A) $8. 
B) $6. 
C) $5. 
D) $3. 
E) $1.

Quizplus · Accepted Answer

The elasticity of demand is equal to 1 at a price of $5, indicating a unit elastic demand where the percentage change in quantity demanded is equal to the percentage change in price.

-Using the Table Above,the Elasticity of Demand Is Equal to 1