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In the Accompanying Table,assume That the Price of Ice Skates

Question 123

Multiple Choice

In the accompanying table,assume that the price of ice skates increases from $10 to $20 per pair.Using the midpoint method,calculate the price elasticity of demand for ice skates for hockey players. In the accompanying table,assume that the price of ice skates increases from $10 to $20 per pair.Using the midpoint method,calculate the price elasticity of demand for ice skates for hockey players. A) -6.00 B) 0.67 C) 0.11 D) -0.16 E) 3.00


A) -6.00
B) 0.67
C) 0.11
D) -0.16
E) 3.00

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