Multiple Choice
Exhibit 5-8 Supply and demand curves for good X
-As shown in Exhibit 5-8, the price elasticity of demand for good X between points E and Z is:
A) 3/13 = 0.23.
B) 13/3 = 4.33.
C) 1/3 = 0.33.
D) 1.
Correct Answer:
Verified
Correct Answer:
Verified
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