Answered

Welcome to Westonci.ca, your ultimate destination for finding answers to a wide range of questions from experts. Get immediate and reliable solutions to your questions from a community of experienced experts on our Q&A platform. Join our platform to connect with experts ready to provide precise answers to your questions in different areas.

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.

Sagot :

Answer:

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

Thank you for your visit. We are dedicated to helping you find the information you need, whenever you need it. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Your questions are important to us at Westonci.ca. Visit again for expert answers and reliable information.