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  2. Topic
    Business
  3. Study Set
    Foundations of Macroeconomics
  4. Exam
    Exam 5: Elasticities of Demand and Supply
  5. Question
    In the Figure Above,at the Point Where the Price Is
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In the Figure Above,at the Point Where the Price Is

Question 14

Question 14

Multiple Choice

In the figure above,at the point where the price is $4 per cup the price elasticity of demand is


A) 2.
B) 0.5.
C) 1.
D) 1.5.
E) 0.

Correct Answer:

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