Table 5-5 -Refer to Table 5-5. as Price Rises from $7 to from $7

question 603

Multiple Choice

Table 5-5
-Refer to Table 5-5. As price rises from $7 to $8, the price elasticity of demand using the midpoint method is approximately

• A)0.09.
• B)0.58.
• C)0.65.
• D)1.53.