Figure 5-8

question 282

Multiple Choice

Figure 5-8. A demand curve is shown on the graph below. On the graph, Q represents quantity demanded and P represents price.

-Refer to Figure 5-8.Using the midpoint method,between prices of $12 and $18,price elasticity of demand is

• A)0.33.
• B)0.67.
• C)1.33.
• D)1.89.

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Definitions:

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