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-Using the Midpoint Formula, What Is the Price Elasticity of Demand

Question 179

Multiple Choice

-Using the midpoint formula, what is the price elasticity of demand when price increases from $12 to $16? A) 0.60. B) 1.00. C) 1.20. D) 6.00.
-Using the midpoint formula, what is the price elasticity of demand when price increases from $12 to $16?


A) 0.60.
B) 1.00.
C) 1.20.
D) 6.00.

Correct Answer:

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