According to Table below, what is the price elasticity of demand if the price falls from $8.00 to $7.50? (Use mid-point equation only)

Price per unit Quantity Demanded Per Week

$10.00 25

9.50 30

9.00 35

8.50 40

8.00 45

7.50 50

7.00 55

6.50 60

6.00 65

5.50 70

5.00 75

A. -1.63

B. 1.12

C. 1.63

D. -1.12