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    Exam 6: Elasticity: the Responsiveness of Demand and Supply
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    Figure 6.2 -Refer to Figure 6.2.Using the Midpoint Formula, Calculate the Absolute
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Figure 6.2 -Refer to Figure 6.2.Using the Midpoint Formula, Calculate the Absolute

Question 33

Question 33

Multiple Choice

Figure 6.2
Figure 6.2    -Refer to Figure 6.2.Using the midpoint formula, calculate the absolute value of the price elasticity of demand between e and f. A) 0.32 B) 0.4 C) 2.5 D) 3.125
-Refer to Figure 6.2.Using the midpoint formula, calculate the absolute value of the price elasticity of demand between e and f.


A) 0.32
B) 0.4
C) 2.5
D) 3.125

Correct Answer:

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