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Figure: the Demand Curve (Figure: the Demand Curve)

Question 45

Multiple Choice

Figure: The Demand Curve Figure: The Demand Curve (Figure: The Demand Curve) Look again at the figure The Demand Curve.Using the midpoint method, the price elasticity of demand between $1 and $2 is approximately: A) 0.16. B) 0.56. C) 1.8. D) 5.67. Figure: The Demand Curve (Figure: The Demand Curve) Look again at the figure The Demand Curve.Using the midpoint method, the price elasticity of demand between $1 and $2 is approximately: A) 0.16. B) 0.56. C) 1.8. D) 5.67. (Figure: The Demand Curve) Look again at the figure The Demand Curve.Using the midpoint method, the price elasticity of demand between $1 and $2 is approximately:


A) 0.16.
B) 0.56.
C) 1.8.
D) 5.67.

Correct Answer:

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