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Refer to the Figure Below

Question 106

Multiple Choice

Refer to the figure below. What is the price elasticity of demand when the price of rice is $6 per pound? Refer to the figure below. What is the price elasticity of demand when the price of rice is $6 per pound? A) 0.5 B) 0.67 C) 2 D) 3


A) 0.5
B) 0.67
C) 2
D) 3

Correct Answer:

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