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    Microeconomics Study Set 10
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    Exam 4: Elasticity
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    Suppose Price Increases from $7
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Suppose Price Increases from $7

Question 123

Question 123

Multiple Choice

Suppose price increases from $7.00 to $13.00.Using the mid-point formula,the percentage change in price is:


A) .0.6 = 60 percent.
B) 0.6 = 60 percent.
C) 70 percent.
D) 130 percent.

Correct Answer:

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