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    Principles of Microeconomics
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    Exam 5: Elasticity and Its Application
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    Figure 5-14 -Refer to Figure 5-14.Using the Midpoint Method,what Is the Price
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Figure 5-14 -Refer to Figure 5-14.Using the Midpoint Method,what Is the Price

Question 455

Question 455

Multiple Choice

Figure 5-14
Figure 5-14    -Refer to Figure 5-14.Using the midpoint method,what is the price elasticity of supply between points A and B? A)  2.33 B)  1.0 C)  0.43 D)  0.1
-Refer to Figure 5-14.Using the midpoint method,what is the price elasticity of supply between points A and B?


A) 2.33
B) 1.0
C) 0.43
D) 0.1

Correct Answer:

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