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Table 5-4 The Following Table Shows the Demand Schedule for a Particular

Question 121

Multiple Choice

Table 5-4
The following table shows the demand schedule for a particular good. Table 5-4 The following table shows the demand schedule for a particular good. -Refer to Table 5-4. Using the midpoint method, when price rises from $8 to $12, the price elasticity of demand is A) 0.4 B) 1 C) 1.5 D) 2.33
-Refer to Table 5-4. Using the midpoint method, when price rises from $8 to $12, the price elasticity of demand is


A) 0.4
B) 1
C) 1.5
D) 2.33

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