Multiple Choice
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 $3 and $4 is approximately:
A) 0.19.
B) 0.54.
C) 1.
D) 1.86.
Correct Answer:
Verified
Correct Answer:
Verified
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