Figure 5-5 -Refer to Figure 5-5.Using the Midpoint Method,between Prices of $48

question 388

Multiple Choice

Figure 5-5

-Refer to Figure 5-5.Using the midpoint method,between prices of $48 and $54,price elasticity of demand is about

• A) 0.92.
• B) 3.89.
• C) 4.33.
• D) 5.67.

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