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Exhibit 19-3 Refer to Exhibit 19-3

Question 184

Multiple Choice

Exhibit 19-3 Exhibit 19-3 Refer to Exhibit 19-3. When price decreases from $4.50 to $3.50, the price elasticity of demand is A) 0.4375. B) 0.50. C) 1.0. D) 2.00. E) 2.86. Refer to Exhibit 19-3. When price decreases from $4.50 to $3.50, the price elasticity of demand is


A) 0.4375.
B) 0.50.
C) 1.0.
D) 2.00.
E) 2.86.

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