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-Using the Data in the Table Above,when the Price of a Skirt

Question 151

Multiple Choice

-Using the data in the table above,when the price of a skirt rises from $20 to $35,what is the price elasticity of demand? (Use the midpoint method.) A) 0.33 B) 0.25 C) 1.00 D) 1.33 E) 3.00
-Using the data in the table above,when the price of a skirt rises from $20 to $35,what is the price elasticity of demand? (Use the midpoint method.)


A) 0.33
B) 0.25
C) 1.00
D) 1.33
E) 3.00

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