Refer to the Following Table Showing a Demand Schedule $\begin{array}{ll}\text { Price } & \text { Quantity } \\ &\text { demanded } \\\$ 200 &1000\\150 & 1400 \\100 & 1800\end{array}$

question 21

Multiple Choice

Refer to the following table showing a demand schedule:

$\begin{array}{ll}\text { Price } & \text { Quantity } \\ &\text { demanded } \\\$ 200 &1000\\150 & 1400 \\100 & 1800\end{array}$
-If price falls from $200 to $150, what is the elasticity of demand over this range?

• A) -0.625
• B) -1.0
• C) -1.17
• D) -.5
• E) -3.0

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