Table 5-3 The Following Table Shows the Demand Schedule for a Particular

question 36

Multiple Choice

Table 5-3
The following table shows the demand schedule for a particular good.

-Refer to Table 5-3.Using the midpoint method,when price falls from $6 to $3,the price elasticity of demand is

• A) 0.43
• B) 0.67
• C) 1.50
• D) 2.33

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