Figure 5-13 -Refer to Figure 5-13.Using the Midpoint Method,what Is the Price

question 195

Multiple Choice

Figure 5-13

-Refer to Figure 5-13.Using the midpoint method,what is the price elasticity of supply between $16 and $40?

• A) 0.125
• B) 0.86
• C) 1.0
• D) 2.5

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