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Figure 7-5 -Refer to Figure 7-5.The Absolute Value of the Price Elasticity

Question 232

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Figure 7-5
Figure 7-5 -Refer to Figure 7-5.The absolute value of the price elasticity of demand at points a and b is 1.What is the value of Pb? A) $50 B) $40 C) $30 D) $20
-Refer to Figure 7-5.The absolute value of the price elasticity of demand at points a and b is 1.What is the value of Pb?


A) $50
B) $40
C) $30
D) $20

Correct Answer:

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