using-the-midpoint-method-calculate-the-price-elasticity-of-demand-if-the-price-

Question

Using the midpoint method, calculate the price elasticity of demand if the price changes from $10 to $12 and the quantity demanded changes from 100 units to 80 units.

Accepted Answer

1.22

Answer

1.5

Answer

0.82

Answer

0.5

Using the midpoint method, calculate the price elasticity of demand if the price changes from \$10 to \$12 and the quantity demanded changes from 100 units to 80 units.