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ssal

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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 decreases from $8 to $7, the price elasticity of demand equals ________ and demand is ________.


◦ -0.47; inelastic
◦ -2.14; elastic
◦ -2.29; inelastic
◦ -3.5; elastic


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Marked as best answer by ssal on Apr 19, 2019

BAOCHAU2803

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