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

Question 55

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 D is: A) 1/5 = 0.20. B) 3/7 = 0.43. 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 D is:


A) 1/5 = 0.20.
B) 3/7 = 0.43.
C) 1/2 = 0.50.
D) 1.

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