Figure: the Demand Curve (Figure: the Demand Curve) Look

question 74

Multiple Choice

Figure: The Demand Curve (Figure: The Demand Curve) Look at the figure The Demand Curve.Using the midpoint method, the price elasticity of demand between $8 and $9 is approximately:

• A)0.18.
• B)0.56.
• C)1.8.
• D)5.67.

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