Price of Good K	Quantity demanded of Good K		Price of Good R	Quantity demanded of Good R
$90	220 units		$22	387 units
$110	180 units		$26	333 units

Use the table of information. Which of the following statements is (are) correct?

(x) Using the midpoint method, the coefficient of price elasticity of demand for Good K is equal to 1.0

(y) Using the midpoint method, the coefficient of price elasticity of demand for Good R is less than 1.12but more than 0.82.

(z) The demand for Good R is more price elastic than the demand for Good K.

Select one:

A.

(x), (y) and (z)

B.

(x) and (y) only

C.

(x) and (z) only

D.

(y) and (z) only

E.

(y) only