The Following Question Are Based on the Following Demand Schedule

question 67

Multiple Choice

The following question are based on the following demand schedule for wheat:

-What is the arc price elasticity of demand for wheat when the price of a bushel is between $3.30 and $3.60?

• A) 0.33
• B) 0.45
• C) 0.79
• D) 2.22
• E) 3.00

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