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-Refer to the Above Table

Question 369

Multiple Choice

-Refer to the above table. What is the absolute price elasticity of demand if a price falls from $7 to $6.50? A) 0.85 B) 1.08 C) 1.17 D) 0.92
-Refer to the above table. What is the absolute price elasticity of demand if a price falls from $7 to $6.50?


A) 0.85
B) 1.08
C) 1.17
D) 0.92

Correct Answer:

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