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Exhibit 5-8  Supply and Demand Curves for Good X as Shown

Question 110

Multiple Choice

Exhibit 5-8  Supply and demand curves for good X Exhibit 5-8  Supply and demand curves for good X As shown in Exhibit 5-8, the price elasticity of demand for good X between points E and Z is: A) 3/13 = 0.23. B) 13/3 = 4.33. C) 1/3 = 0.33. D) 1. As shown in Exhibit 5-8, the price elasticity of demand for good X between points E and Z is:


A) 3/13 = 0.23.
B) 13/3 = 4.33.
C) 1/3 = 0.33.
D) 1.

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