Use the Following to Answer Question(s): Demand and Price Elasticity

question 255

Multiple Choice

Use the following to answer question(s) : Demand and Price Elasticity 2

-(Exhibit: Demand and Price Elasticity 2) Price elasticity of demand for small changes in price in the neighborhood of point C:

• A) is 4.
• B) is -4.
• C) is -1.
• D) cannot be determined.

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