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Exhibit 5-9  Supply and Demand Curves for Good X as Shown

Question 17

Multiple Choice

Exhibit 5-9  Supply and demand curves for good X 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. 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.

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