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    Principles of Economics Study Set 5
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    Exam 5: Elasticity and Its Application
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    Table 5-1 -Refer to Table 5-1.As Price Rises from $10 to $15,the
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Table 5-1 -Refer to Table 5-1.As Price Rises from $10 to $15,the

Question 58

Question 58

Multiple Choice

Table 5-1
Table 5-1    -Refer to Table 5-1.As price rises from $10 to $15,the price elasticity of demand using the midpoint method is approximately A)  0.40. B)  0.56. C)  1.80. D)  2.50.
-Refer to Table 5-1.As price rises from $10 to $15,the price elasticity of demand using the midpoint method is approximately


A) 0.40.
B) 0.56.
C) 1.80.
D) 2.50.

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