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-Refer to Exhibit 5

Question 5

Multiple Choice

-Refer to Exhibit 5.2, Graph C. Using midpoint formula calculate elasticity of demand if price was reduced from $150 to $100. A) 0.1. B) 0.3. C) 6. D) 2.5. -Refer to Exhibit 5.2, Graph C. Using midpoint formula calculate elasticity of demand if price was reduced from $150 to $100. A) 0.1. B) 0.3. C) 6. D) 2.5.
-Refer to Exhibit 5.2, Graph C. Using midpoint formula calculate elasticity of demand if price was reduced from $150 to $100.


A) 0.1.
B) 0.3.
C) 6.
D) 2.5.

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