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

Question 400

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, when price falls from $8 to $4, the price elasticity of demand is A) 0.43 B) 0.67 C) 1 D) 2.33
-Refer to Table 5-4. Using the midpoint method, when price falls from $8 to $4, the price elasticity of demand is


A) 0.43
B) 0.67
C) 1
D) 2.33

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