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Below Are Some Data on Price,income and Demand for Five

Question 108

Multiple Choice

Below are some data on price,income and demand for five different time periods.
Below are some data on price,income and demand for five different time periods. -Refer to the information above to answer this question.What is the price elasticity of demand for product X between years 1 and 2? A) 0.31. B) 1.0. C) 3.2. D) 22.2.
-Refer to the information above to answer this question.What is the price elasticity of demand for product X between years 1 and 2?


A) 0.31.
B) 1.0.
C) 3.2.
D) 22.2.

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