-The Data in the Table Above Give Two Points on the Demand

question 84

Multiple Choice

-The data in the table above give two points on the demand curve for pizza. Using the midpoint method, when the price of a pizza falls from $10 to $9, what is the price elasticity of demand?

• A) 0.9
• B) 0.6
• C) 0.5
• D) 2.1
• E) 8.6

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