When the Price of a Burrito Increases from $2 to $4,the

question 197

Multiple Choice

When the price of a burrito increases from $2 to $4,the quantity demanded decreases from 50 to 40.Using the midpoint method,the price elasticity of demand equals

• A) 1/3.
• B) 3.
• C) 2.
• D) 1.
• E) 1/2.