What is the price elasticity of demand for the company using the midpoint formula?

if a company increases the price of its product from $3010 $35, demand would decrease from 30, 000 units to 20.000 units.

What is the price elasticity of demand for the company using the midpoint formula?
A . 0.4
B. 0.5
C. 2.0
D. 2.7

View Answer

Answer: D