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Question 134

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Use the following to answer questions:
Figure: The Demand Curve Use the following to answer questions: Figure: The Demand Curve -(Figure: The Demand Curve) Look at the figure The Demand Curve. By the midpoint method the price elasticity of demand between $3 and $4 is approximately: A) 0.19. B) 0.54. C) 1.00 D) 1.86.
-(Figure: The Demand Curve) Look at the figure The Demand Curve. By the midpoint method the price elasticity of demand between $3 and $4 is approximately:


A) 0.19.
B) 0.54.
C) 1.00
D) 1.86.

Correct Answer:

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