The table shows the price and quantity demanded for floor mats. Using the Midpoint Method, what is the price elasticity of demand between points

B

and

C

?



Note: Remember to take the absolute value of the result and round to the nearest hundredth. Rounding should be done at the end of your calculation.







Point Price Quantity

A



$

10



500



B



$

13



480



C



$

16



460



D



$

19



440



E



$

22



420