Table 5-6
Consider the Following Demand Schedule -Refer to Table 5-6

question 27

Short Answer

Table 5-6
Consider the following demand schedule.
$$\begin{array} { | l | l | } \hline \text { Price } & \text { Quantity Demanded } \\\hline \$ 0 & 1,000 \\\hline \$ 3 & 800 \\\hline \$ 6 & 600 \\\hline \$ 9 & 400 \\\hline \$ 12 & 200 \\\hline \$ 15 & 0 \\\hline\end{array}$$
-Refer to Table 5-6. Using the midpoint method, between which two prices is price elasticity of demand most inelastic?

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