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tiara099

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Refer to the information provided in Figure 5.3 below to answer the question(s) that follow.










Refer to Figure 5.3. Use the midpoint formula. If the price of a gardenburger increases from $8 to $10, the price elasticity of demand equals ________ and demand is ________.


◦ 4.5; elastic
◦ -0.5; inelastic
◦ -4.5; elastic
◦ -9.0; inelastic


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Marked as best answer by tiara099 on Apr 19, 2019

ErinKing

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