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Table 5-3 The Following Table Shows the Demand Schedule for a Particular

Question 36

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Table 5-3
The following table shows the demand schedule for a particular good.
Table 5-3 The following table shows the demand schedule for a particular good. -Refer to Table 5-3.Using the midpoint method,when price falls from $6 to $3,the price elasticity of demand is A) 0.43 B) 0.67 C) 1.50 D) 2.33
-Refer to Table 5-3.Using the midpoint method,when price falls from $6 to $3,the price elasticity of demand is


A) 0.43
B) 0.67
C) 1.50
D) 2.33

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