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    Exam 5: Elasticity and Its Application
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    Table 5-4 -Refer to Table 5-4.As Price Rises from $10 to $12,the
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Table 5-4 -Refer to Table 5-4.As Price Rises from $10 to $12,the

Question 136

Question 136

Multiple Choice

Table 5-4
Table 5-4    -Refer to Table 5-4.As price rises from $10 to $12,the price elasticity of demand using the midpoint method is approximately A)  0.08. B)  0.18. C)  0.42. D)  0.58.
-Refer to Table 5-4.As price rises from $10 to $12,the price elasticity of demand using the midpoint method is approximately


A) 0.08.
B) 0.18.
C) 0.42.
D) 0.58.

Correct Answer:

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