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-Figure 5-1 Shows the Prices of Two Services Offered by Earl's

Question 30

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-Figure 5-1 shows the prices of two services offered by Earl's Barber Shop and the resulting quantities demanded by customers.In this example,the price elasticity of demand for haircuts (using the midpoint formula) is A) 1 B) 1.8 C) 3.5 D) 2.25 E) 0.5
-Figure 5-1 shows the prices of two services offered by Earl's Barber Shop and the resulting quantities demanded by customers.In this example,the price elasticity of demand for haircuts (using the midpoint formula) is


A) 1
B) 1.8
C) 3.5
D) 2.25
E) 0.5

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