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-In the Figure Above, What Is the Point Price Elasticity

Question 1

Multiple Choice


-In the figure above, what is the point price elasticity of demand when price is $60? A) -0.50 B) -0.75 C) -1.00 D) -1.60 E) -2.00
-In the figure above, what is the point price elasticity of demand when price is $60?


A) -0.50
B) -0.75
C) -1.00
D) -1.60
E) -2.00

Correct Answer:

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