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Refer to the Accompanying Table to Answer the Following Questions

Question 109

Multiple Choice

Refer to the accompanying table to answer the following questions. Refer to the accompanying table to answer the following questions. -The price of erasers increases from $0.50 to $1.00 per eraser.Using the midpoint method,what is the cross-price elasticity of demand between pencils and erasers? A) -0.13 B) 7.67 C) -7.67 D) 0.13 E) -3
-The price of erasers increases from $0.50 to $1.00 per eraser.Using the midpoint method,what is the cross-price elasticity of demand between pencils and erasers?


A) -0.13
B) 7.67
C) -7.67
D) 0.13
E) -3

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