-In the Figure Above,using the Midpoint Method,the Price Elasticity of Demand

question 8

Multiple Choice

-In the figure above,using the midpoint method,the price elasticity of demand when the price falls from $7 to $6 is equal to

• A) 2.50.
• B) 1.63.
• C) 0.40.
• D) 0.62.
• E) 1.00.

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