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Use the Table Below to Answer the Following Questions

Question 135

Multiple Choice

Use the table below to answer the following questions.
Table 4.1.1
Demand schedule for good A.
Use the table below to answer the following questions. Table 4.1.1 Demand schedule for good A. -Refer to Table 4.1.1. The price elasticity of demand when the price rises from $6 a unit to $7 a unit is A) 1.0. B) 2.0. C) 2.6. D) 0.5. E) 1.3.
-Refer to Table 4.1.1. The price elasticity of demand when the price rises from $6 a unit to $7 a unit is


A) 1.0.
B) 2.0.
C) 2.6.
D) 0.5.
E) 1.3.

Correct Answer:

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