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  3. Study Set
    Foundations of Macroeconomics
  4. Exam
    Exam 5: Elasticities of Demand and Supply
  5. Question
    In the Figure Above,when the Price Falls from $5 to $4,the
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In the Figure Above,when the Price Falls from $5 to $4,the

Question 202

Question 202

Multiple Choice

In the figure above,when the price falls from $5 to $4,the price elasticity of demand is


A) 2.
B) 3.
C) 0.75.
D) 1.5.
E) 0.33.

Correct Answer:

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