Exhibit 5-9  Supply and Demand Curves for Good X as Shown

question 17

Multiple Choice

Exhibit 5-9  Supply and demand curves for good X As shown in Exhibit 5-9, the price elasticity of demand for good X between points E and B is:

• A) 3/7 = 0.43.
• B) 7/3 = 2.33.
• C) 1/2 = 0.50.
• D) 1.