Zumba Classes Sell All 20 Participant Spots at a Price

question 107

Multiple Choice

Zumba classes sell all 20 participant spots at a price of $4.50 each. When the instructor raised the prices to $5.50, 10 people attended the class. From the midpoint method, the price elasticity of demand for Zumba is:

• A) -0.50.
• B) -3.33.
• C) -2.50.
• D) 0.20.
• E) -0.20.

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