Use the Figure Below to Answer the Following Question(s)

question 113

Multiple Choice

Use the figure below to answer the following question(s) .
Figure 7-6

In the price range between $3 and $4, the price elasticity of the demand curve depicted in Figure 7-6 is

• A) highly elastic.
• B) approximately equal to − 0.33.
• C) approximately equal to − 3.
• D) of unitary elasticity.

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