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Question Price of Book $14.99 9.99 Copies Sold at That Price 100,000 174.000 Total Revenue at That Price 1,499,000 1,738,000 Based on the data in the table and using the midpoint formula, between a price
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37 votes
Question

Price of Book $14.99
9.99
Copies Sold at That Price 100,000
174.000
Total Revenue at That Price 1,499,000
1,738,000
Based on the data in the table and using the midpoint formula, between a price of $9.99 and $14.99, the price elasticity of demand for books is
A) -0.74.
B) -1.16.
C) -1.35.
D) -14.8.

User Sandupa Dalugoda
by
3.0k points

1 Answer

19 votes
19 votes

Answer:

I think the answer is D, but don't quote me on that

User Gaurawerma
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