Table 5-4 The Following Table Shows the Demand Schedule for a Particular

question 400

Multiple Choice

Table 5-4
The following table shows the demand schedule for a particular good.
-Refer to Table 5-4. Using the midpoint method, when price falls from $8 to $4, the price elasticity of demand is

• A)0.43
• B)0.67
• C)1
• D)2.33