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If P1 = €10, Q1 = 500, P2 = €9

Question 1

Multiple Choice

If P1 = €10, Q1 = 500, P2 = €9.50 and Q2 = 550, then at point P1 the point price elasticity P equals:

A) -2.
B) 2.
C) -0.5.
D) 0.5.

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