The following graph shows a downward-sloping demand curve for a good. Refer to the graph to answer the question. 
The price elasticity of demand at point C is equal to _____.
Definitions:
Regular Hourly Wage
The fixed amount of monetary compensation that an employee earns per hour of work.
Employee's Gross Earnings
The total amount earned by an employee before any deductions, including wages, salaries, bonuses, and commissions.
Employee's Net Pay
The amount of salary that an employee takes home after deductions such as taxes, social security, and benefits have been subtracted.
Pay Period
The regular interval at which an employee receives a paycheck, such as weekly, bi-weekly, or monthly.
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