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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 $6 and $7 is approximately: A) 0.19. B) 1.00. C) 1.86. D) 5.40.
-(Figure: The Demand Curve) Look at the figure The Demand Curve. By the midpoint method, the price elasticity of demand between $6 and $7 is approximately:


A) 0.19.
B) 1.00.
C) 1.86.
D) 5.40.

Correct Answer:

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