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    Exam 5: Elasticity and Its Application
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    Table 5-6 -Refer to Table 5-6.Using the Midpoint Method,what Is the Income
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Table 5-6 -Refer to Table 5-6.Using the Midpoint Method,what Is the Income

Question 418

Question 418

Multiple Choice

Table 5-6
Table 5-6    -Refer to Table 5-6.Using the midpoint method,what is the income elasticity of demand for good X? A)  -3.5 B)  -0.29 C)  0.29 D)  3.5
-Refer to Table 5-6.Using the midpoint method,what is the income elasticity of demand for good X?


A) -3.5
B) -0.29
C) 0.29
D) 3.5

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