Exhibit 5-9 Supply and Demand Curves for Good X

question 256

Multiple Choice

Exhibit 5-9 Supply and demand curves for good X
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-As shown in Exhibit 5-9, the price elasticity of demand for good X between points E and D is:

• A) 1/5 = 0.20.
• B) 3/7 = 0.43.
• C) 1/2 = 0.50.
• D) 1.

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