Question: The table below shows the demand schedule for a particular good. Price (dollars per unit) 250 200 150 Quantity Demanded (units) 0 40 80 100

The table below shows the demand schedule for a particular good. Price (dollars per unit) 250 200 150 Quantity Demanded (units) 0 40 80 100 120 50 160 0 200 Using the midpoint method, if the price falls from $200 to $150, the absolute value of the price elasticity of demand is 0.43 2.33 0.50 2.50 27

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