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-Refer to the Diagram Above

Question 9

Multiple Choice

-Refer to the diagram above.When the price is $50,the price elasticity of demand is A) equal to 0. B) equal to 0.53. C) equal to 1. D) unable to be calculated since we need to have a price range to calculate price elasticity of demand. E) equal to infinity.
-Refer to the diagram above.When the price is $50,the price elasticity of demand is


A) equal to 0.
B) equal to 0.53.
C) equal to 1.
D) unable to be calculated since we need to have a price range to calculate price elasticity of demand.
E) equal to infinity.

Correct Answer:

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