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-Refer to Exhibit 5

Question 44

Multiple Choice

-Refer to Exhibit 5.2, Graph D. Using midpoint formula calculate elasticity of demand if price was reduced from $200 to $50. A) 2.03. B) 0.67. C) 0.33. D) 2.54. -Refer to Exhibit 5.2, Graph D. Using midpoint formula calculate elasticity of demand if price was reduced from $200 to $50. A) 2.03. B) 0.67. C) 0.33. D) 2.54.
-Refer to Exhibit 5.2, Graph D. Using midpoint formula calculate elasticity of demand if price was reduced from $200 to $50.


A) 2.03.
B) 0.67.
C) 0.33.
D) 2.54.

Correct Answer:

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