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Refer to the Following Figure

Question 28

Multiple Choice

Refer to the following figure.When price is $5 and quantity demanded is 3,000,what is the point elasticity of demand? Refer to the following figure.When price is $5 and quantity demanded is 3,000,what is the point elasticity of demand? A) -3 B) -1/3 C) -1 D) -5 E) -2/3


A) -3
B) -1/3
C) -1
D) -5
E) -2/3

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