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    Exam 7: Consumer Choice and Elasticity
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    Figure 7-3 -Refer to Figure 7-3.The Absolute Value of the Price Elasticity
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Figure 7-3 -Refer to Figure 7-3.The Absolute Value of the Price Elasticity

Question 181

Question 181

Multiple Choice

Figure 7-3 Figure 7-3   -Refer to Figure 7-3.The absolute value of the price elasticity of demand at points a and b is 1.What is the value of Pb? A) $50 B) $40 C) $30 D) $20
-Refer to Figure 7-3.The absolute value of the price elasticity of demand at points a and b is 1.What is the value of Pb?


A) $50
B) $40
C) $30
D) $20

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