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Figure 5-8

Question 282

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Figure 5-8. A demand curve is shown on the graph below. On the graph, Q represents quantity demanded and P represents price.
Figure 5-8. A demand curve is shown on the graph below. On the graph, Q represents quantity demanded and P represents price. -Refer to Figure 5-8.Using the midpoint method,between prices of $12 and $18,price elasticity of demand is A) 0.33. B) 0.67. C) 1.33. D) 1.89.
-Refer to Figure 5-8.Using the midpoint method,between prices of $12 and $18,price elasticity of demand is


A) 0.33.
B) 0.67.
C) 1.33.
D) 1.89.

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