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    Managerial economics
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    Exam 6: Elasticity and Demand
  5. Question
    Refer to the Following Figure
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Refer to the Following Figure

Question 9

Question 9

Multiple Choice

refer to the following figure:
refer to the following figure:    -In the figure above, what is the point price elasticity of demand when price is $40? A)  -0.50 B)  -0.75 C)  -1.00 D)  -1.50 E)  -2.00
-In the figure above, what is the point price elasticity of demand when price is $40?


A) -0.50
B) -0.75
C) -1.00
D) -1.50
E) -2.00

Correct Answer:

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