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Table 5-4 The Following Table Shows the Demand Schedule for a Particular

Question 293

Multiple Choice

Table 5-4
The following table shows the demand schedule for a particular good. Table 5-4 The following table shows the demand schedule for a particular good. -Refer to Table 5-4. Using the midpoint method, what is the price elasticity of demand when price rises from $12 to $16? A) 0.43 B) 0.67 C) 2.33 D) 4
-Refer to Table 5-4. Using the midpoint method, what is the price elasticity of demand when price rises from $12 to $16?


A) 0.43
B) 0.67
C) 2.33
D) 4

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