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Figure 6-2 -Refer to Figure 6-2. the Absolute Value of the Price

Question 2

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Figure 6-2 Figure 6-2 -Refer to Figure 6-2. The absolute value of the price elasticity of demand at points a and b is 1. What is the value of P<sub>b</sub>? A) $50 B) $40 C) $30 D) $20
-Refer to Figure 6-2. The absolute value of the price elasticity of demand at points a and b is 1. What is the value of Pb?


A) $50
B) $40
C) $30
D) $20

Correct Answer:

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