Use the following to answer questions :
Figure 4-2
-Refer to Figure 4-2.What is the elasticity of the demand curve DD between points B and C?
A)3.33
B)1.8
C)1.0
D)0.56
E)None of the above

Question

Use the following to answer questions :
Figure 4-2 
-Refer to Figure 4-2.What is the elasticity of the demand curve DD between points B and C?
A)3.33 
B)1.8 
C)1.0 
D)0.56 
E)None of the above

Quizplus · Accepted Answer

The elasticity of the demand curve between two points is calculated using the formula: (percentage change in quantity demanded) / (percentage change in price). Based on the given options, 1.8 is the correct elasticity value between points B and C.

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