Use the Following to Answer Questions

question 134

Multiple Choice

Use the following to answer questions:
Figure: The Demand Curve
-(Figure: The Demand Curve) Look at the figure The Demand Curve. By the midpoint method the price elasticity of demand between $3 and $4 is approximately:

• A) 0.19.
• B) 0.54.
• C) 1.00
• D) 1.86.

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