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-The Above Figure Shows the Demand Curve for Movie Rentals

Question 469

Multiple Choice

-The above figure shows the demand curve for movie rentals from Redbox. If Redbox raised its price from $2.50 to $3.00, between these two prices the price elasticity of demand equals A) 1.2. B) 0.8. C) 2.0. D) 0.5.
-The above figure shows the demand curve for movie rentals from Redbox. If Redbox raised its price from $2.50 to $3.00, between these two prices the price elasticity of demand equals


A) 1.2.
B) 0.8.
C) 2.0.
D) 0.5.

Correct Answer:

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