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-The Data in the Table Above Give Two Points on the Demand

Question 84

Multiple Choice

-The data in the table above give two points on the demand curve for pizza. Using the midpoint method, when the price of a pizza falls from $10 to $9, what is the price elasticity of demand? A) 0.9 B) 0.6 C) 0.5 D) 2.1 E) 8.6
-The data in the table above give two points on the demand curve for pizza. Using the midpoint method, when the price of a pizza falls from $10 to $9, what is the price elasticity of demand?


A) 0.9
B) 0.6
C) 0.5
D) 2.1
E) 8.6

Correct Answer:

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