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Table 5-2 The Following Table Shows a Portion of the Demand Schedule

Question 384

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Table 5-2
The following table shows a portion of the demand schedule for a particular good at various levels of income.
Table 5-2 The following table shows a portion of the demand schedule for a particular good at various levels of income. -Refer to Table 5-2.Using the midpoint method,when income equals $7,500,what is the price elasticity of demand between $16 and $20? A) 0.56 B) 0.75 C) 1.33 D) 1.80
-Refer to Table 5-2.Using the midpoint method,when income equals $7,500,what is the price elasticity of demand between $16 and $20?


A) 0.56
B) 0.75
C) 1.33
D) 1.80

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