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    Principles of Economics Study Set 11
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    Exam 4: Elasticity
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    Refer to the Accompanying Table
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Refer to the Accompanying Table

Question 129

Question 129

Multiple Choice

Refer to the accompanying table.When the price drops from $5 to $3,price elasticity of demand for sushi (using the midpoint method) at an income of $30,000 is Refer to the accompanying table.When the price drops from $5 to $3,price elasticity of demand for sushi (using the midpoint method) at an income of $30,000 is   A)  0.71. B)  0.67. C)  0.10. D)  0.33. E)  -0.67.


A) 0.71.
B) 0.67.
C) 0.10.
D) 0.33.
E) -0.67.

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