Use the Following to Answer Questions

question 264

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 $6 and $7 is approximately:

• A) 0.19.
• B) 1.00.
• C) 1.86.
• D) 5.40.

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