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In the Figure Above,what Is the Point Price Elasticity of Demand

Question 3

Multiple Choice

In the figure above,what is the point price elasticity of demand when price is $40? A) -0.50 B) -0.75 C) -1.00 D) -1.50 E) -2.00 In the figure above,what is the point price elasticity of demand when price is $40?


A) -0.50
B) -0.75
C) -1.00
D) -1.50
E) -2.00

Correct Answer:

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