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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 5-7 -Refer to Figure 5-7. Using the Midpoint Method, What Is
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Figure 5-7 -Refer to Figure 5-7. Using the Midpoint Method, What Is

Question 199

Question 199

Multiple Choice

Figure 5-7
Figure 5-7    -Refer to Figure 5-7. Using the midpoint method, what is the price elasticity of supply between point B and point C? A) 1.44 B) 1.29 C) 0.96 D) 0.69
-Refer to Figure 5-7. Using the midpoint method, what is the price elasticity of supply between point B and point C?


A) 1.44
B) 1.29
C) 0.96
D) 0.69

Correct Answer:

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