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 $9 to $12? Is the product demad elastic, inelastic or unit elastic? (3 Points) a- 2.3 , inelastic b- 2.3 ,elastic C- 1.7, inelastic d- 1.7, elastic