Multiple Choice
Using the midpoint formula, what would be the price elasticity of demand for a gallbladder operation if the number of operations fell from 7000 to 4000 per week after its price increased from $6000 to $15 000?
A) 0.254.
B) 0.636.
C) 0.801.
D) 1.25.
Correct Answer:
Verified
Correct Answer:
Verified
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