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A Firm Can Sell 10 Units If the Price Is

Question 301

Multiple Choice

A firm can sell 10 units if the price is $100 and can sell 8 units if the price is $125.Using the midpoint method,what is the price elasticity of demand?


A) 0.75
B) 1.00
C) 1.25
D) 0.50
E) 0.0

Correct Answer:

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