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    Exam 5: Elasticity and Its Applications
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    Table 5-1 -Refer to Table 5-1.Using the Midpoint Method,what Is the Income
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Table 5-1 -Refer to Table 5-1.Using the Midpoint Method,what Is the Income

Question 102

Question 102

Multiple Choice

Table 5-1
Table 5-1    -Refer to Table 5-1.Using the midpoint method,what is the income elasticity of demand for good X? A) -3.5 B) -0.29 C) 0.29 D) 3.5
-Refer to Table 5-1.Using the midpoint method,what is the income elasticity of demand for good X?


A) -3.5
B) -0.29
C) 0.29
D) 3.5

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