Use the Following to Answer Questions

question 19

Multiple Choice

Use the following to answer questions:
Figure: The Demand Curve
-(Figure: The Demand Curve) Look at the figure The Demand Curve. By the midpoint method, the price elasticity of demand between $1 and $2 is approximately:

• A) 0.16.
• B) 0.56.
• C) 1.80.
• D) 5.67.

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