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Consider the linear demand line at right. Determine the price elasticity between points B and C. (Round your response to three decimal places.) OA. 14.493 B. 0.960 O C. 1.449 O D. 6.900 O E. 0.690

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 4SQP

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Question

Consider the linear demand line at right. Determine the price elasticity between
points B and C. (Round your response to three decimal places.)
OA. 14.493
OB. 0.960
O C. 1.449
O D. 6.900
O E. 0.690
Price ($)
40
30
20
10
Demand Elasticity
A
18
B
:25
Quantity
с
:33
D
41
Do
G

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