Table 5-5 -Refer to Table 5-5. as Price Rises from $5 to from $5

question 247

Multiple Choice

Table 5-5
-Refer to Table 5-5. As price rises from $5 to $6, the price elasticity of demand using the midpoint method is approximately

• A)0.07.
• B)0.18.
• C)0.41.
• D)2.45.

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