Multiple Choice
At $6 per steak, consumers are willing to buy two steaks.At a price of $2, consumers are willing to buy six steaks.The elasticity of the market demand curve between P = $6 and P = $2 (dropping all minus signs) is
A) 0.33.
B) 1
C) 2
D) 4
Correct Answer:
Verified
Correct Answer:
Verified
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