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-Refer to Table 5-2

Question 16

Multiple Choice

-Refer to Table 5-2. Using the midpoint method, if the price falls from $100 to $50, the absolute value of the price elasticity of demand is A) 0.31. B) 0.46. C) 1.25. D) 2.17
-Refer to Table 5-2. Using the midpoint method, if the price falls from $100 to $50, the absolute value of the price elasticity of demand is


A) 0.31.
B) 0.46.
C) 1.25.
D) 2.17

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