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Figure: the Demand Curve for Oil (Figure: Demand Curve

Question 122

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Figure: The Demand Curve for Oil Figure: The Demand Curve for Oil (Figure: Demand Curve for Oil) Look at the figure The Demand Curve for Oil.The price elasticity of demand between $20 and $21, using the midpoint method, is approximately: A) 0.21. B) 0.49. C) 2.1. D) 4.9. (Figure: Demand Curve for Oil) Look at the figure The Demand Curve for Oil.The price elasticity of demand between $20 and $21, using the midpoint method, is approximately:


A) 0.21.
B) 0.49.
C) 2.1.
D) 4.9.

Correct Answer:

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