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Refer to the Figure Above

Question 14

Multiple Choice

Refer to the figure above. Over the $5-$6 range, the elasticity of demand using the midpoint formula is: A) 0.22. B) 0.88. C) 1.00. D) 1.16. Refer to the figure above. Over the $5-$6 range, the elasticity of demand using the midpoint formula is:


A) 0.22.
B) 0.88.
C) 1.00.
D) 1.16.

Correct Answer:

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