Multiple Choice
Exhibit 5-9 Supply and Demand Curves for Good X
As shown in Exhibit 5-9, the price elasticity of demand for good X between points E and B is:
A) 3/7 = 0.43.
B) 7/3 = 2.33.
C) 1/2 = 0.50.
D) 1.
Correct Answer:
Verified
Correct Answer:
Verified
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