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    Economics Today Study Set 1
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    Exam 19: Demand and Supply Elasticity
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    -Refer to the Above Table
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-Refer to the Above Table

Question 185

Question 185

Multiple Choice

  -Refer to the above table. What is the absolute price elasticity of demand if a price falls from $7.50 to $7? A)  10 B)  1.38 C)  0.724 D)  0.1
-Refer to the above table. What is the absolute price elasticity of demand if a price falls from $7.50 to $7?


A) 10
B) 1.38
C) 0.724
D) 0.1

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