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    Business
  3. Study Set
    Microeconomics
  4. Exam
    Exam 6: Elasticity: The Responsiveness of Demand and Supply
  5. Question
    -Refer to Table 6-6
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-Refer to Table 6-6

Question 15

Question 15

Multiple Choice

  -Refer to Table 6-6. Based on the data in the table and using the midpoint formula, between a price of $10.99 and $12.99, the price elasticity of demand for streaming service is A)  -0.64. B)  -0.90. C)  -1.56. D)  -6.30.
-Refer to Table 6-6. Based on the data in the table and using the midpoint formula, between a price of $10.99 and $12.99, the price elasticity of demand for streaming service is


A) -0.64.
B) -0.90.
C) -1.56.
D) -6.30.

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