Use the Following to Answer Question

question 187

Multiple Choice

Use the following to answer question:
-(Figure: The Demand for e-Books) Use Figure: The Demand for e-Books.What is the price elasticity of demand (by the midpoint method) when the price decreases from $6 to $4?

• A)0.55
• B)0.5
• C)1
• D)0.67

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