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-In the Figure Above, Using the Midpoint Method, the Price

Question 53

Multiple Choice

-In the figure above, using the midpoint method, the price elasticity of demand when the price falls from $6 to $5 is equal to A) 1.63. B) 1.10. C) 2.50. D) 0.91. E) 1.00.
-In the figure above, using the midpoint method, the price elasticity of demand when the price falls from $6 to $5 is equal to


A) 1.63.
B) 1.10.
C) 2.50.
D) 0.91.
E) 1.00.

Correct Answer:

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