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    Principles of Economics Study Set 8
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    Exam 5: Elasticity and Its Application
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    Figure 5-3 ​
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Figure 5-3 ​

Question 116

Question 116

Multiple Choice

Figure 5-3
Figure 5-3    ​ -Refer to Figure 5-3. Using the midpoint method, between prices of $10 and $20, price elasticity of demand is about A) 0.18. B) 0.12. C) 0.67. D) 5.67. ​
-Refer to Figure 5-3. Using the midpoint method, between prices of $10 and $20, price elasticity of demand is about


A) 0.18.
B) 0.12.
C) 0.67.
D) 5.67.

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