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    Exam 7: Consumer Choice and Elasticity
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    Figure 7-4 -Refer to Figure 7-4.Using the Midpoint Formula,calculate the Absolute Value
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Figure 7-4 -Refer to Figure 7-4.Using the Midpoint Formula,calculate the Absolute Value

Question 183

Question 183

Multiple Choice

Figure 7-4 Figure 7-4   -Refer to Figure 7-4.Using the midpoint formula,calculate the absolute value of the price elasticity of demand between e and f. A) 0.32 B) 0.4 C) 2.5 D) 3.125
-Refer to Figure 7-4.Using the midpoint formula,calculate the absolute value of the price elasticity of demand between e and f.


A) 0.32
B) 0.4
C) 2.5
D) 3.125

Correct Answer:

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