Multiple Choice
Suppose when the price of a can of tuna is $1.30,the quantity demanded is 9,and when the price is $1.50,the quantity demanded is 7.Using the mid-point method,the price elasticity of demand is:
A) -1.75
B) -0.57
C) 0.57
D) 29 percent
Correct Answer:
Verified
Correct Answer:
Verified
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