Multiple Choice
The table below shows the demand schedule for museum admissions in a small city. TABLE 4- 1
-Refer to Table 4- 1. Between the prices of $4 and $6 the price elasticity of demand is
A) 0.40.
B) 1.40.
C) 1.00.
D) 0.50.
E) 0.71.
Correct Answer:
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