Price of Book Copies Sold at That Price Total Revenue at That Price
$14.99 100,000 1,499,000
...
English, 01.07.2021 14:30 misaki2002
Price of Book Copies Sold at That Price Total Revenue at That Price
$14.99 100,000 1,499,000
9.99 174.000 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.
Answers: 2
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