Question

If at point A, price of eggs is 8 and quantity demanded is 120. At point B, price of eggs is 12 and quantity demanded is 80. Then using mid-point method the price elasticity of eggs would be:



A.
-1.5



B.
1.2



C.
0.66



D.
0.3



E.
-1​

Answer 1

Answer:

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