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-In the Figure Above, Using the Midpoint Method, the Price

Question 23

Multiple Choice

-In the figure above, using the midpoint method, the price elasticity of demand when the price falls from $7 to $6 is equal to A) 0.40. B) 2.50. C) 0.62. D) 1.00. E) 1.63.
-In the figure above, using the midpoint method, the price elasticity of demand when the price falls from $7 to $6 is equal to


A) 0.40.
B) 2.50.
C) 0.62.
D) 1.00.
E) 1.63.

Correct Answer:

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