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