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Refer to the Following Figure

Question 3

Multiple Choice

Refer to the following figure:
Refer to the following figure: -When price is $10 and quantity demanded is 2,000, what is the point elasticity of demand? A) -3 B) -1/3 C) -1 D) -5 E) -2/3
-When price is $10 and quantity demanded is 2,000, what is the point elasticity of demand?


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

Correct Answer:

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