(Solved): Look at the demand curve in the Figure. Use the midpoint formula and points a and \( b \) to calcu ...

Look at the demand curve in the Figure. Use the midpoint formula and points a and \( b \) to calculate the elasticity of demand for that range of the demand curve. Present the elasticity in absolute value. Select one: a. \( 2.08 \) b. \( 1.79 \) c. \( 0.79 \) d. \( 1.00 \) e. \( 1.10 \)