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Question 94

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


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

Correct Answer:

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