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Refer to the Accompanying Graph

Question 102

Multiple Choice

Refer to the accompanying graph. What is the price elasticity of demand when the price of rice is $3 per pound? Refer to the accompanying graph. What is the price elasticity of demand when the price of rice is $3 per pound? A) 0.5 B) 0.67 C) 0.75 D) 2


A) 0.5
B) 0.67
C) 0.75
D) 2

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