Multiple Choice
Figure 5-3
-Refer to Figure 5-3.Between point A and point B,
A) the slope is equal to -1/4 and the price elasticity of demand is equal to 2/3.
B) the slope is equal to -1/4 and the price elasticity of demand is equal to 3/2.
C) the slope is equal to -3/2 and the price elasticity of demand is equal to 1/4.
D) the slope is equal to -2/3 and the price elasticity of demand is equal to 3/2.
Correct Answer:

Verified
Correct Answer:
Verified
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