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The following table shows the demand schedule for a particular good. Price $15 $12 $9 $6 $3 $0 Quantity 0 5 10 15 20 25

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The following table shows the demand schedule for a particular good. Price $15 $12 $9 $6 $3 $0 Quantity 0 5 10 15 20 25 Using the midpoint method, what is the price elasticity of demand when price rises from $6 to $9? Is the product demand elastic, inelastic or unit elastic? (3 Points) a-2 ,elastic b- minus 1, unit elastic C-1, unit elastic d--1, inelastic

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