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-Using the Data in the Table Above, When the Price

Question 38

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) 1.00 C) 1.33 D) 3.00 E) 0.25
-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) 1.00
C) 1.33
D) 3.00
E) 0.25

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