Multiple Choice
Using the midpoints formula, what would be price elasticity of demand for a gallbladder operation if the number of operations fell from 6,000 to 4,000 per week after its price increased from $6,000 to $10,000?
A) 0.25.
B) 0.50.
C) 0.80.
D) 1.25
Correct Answer:
Verified
Correct Answer:
Verified
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