Refer to the graph shown. Calculate the approximate average elasticity of demand as the price falls from $18 to $0:
A) 3.
B) 1.
C) 2/3.
D) 3/2.

Name: Refer to the graph shown. Calculate the approximate average elasticity of demand as the price falls from $18 to $0: A) 3. B) 1. C) 2/3. D) 3/2.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Refer to the graph shown. Calculate the approximate average elasticity of demand as the price falls from $18 to $0: 
A) 3. 
B) 1. 
C) 2/3. 
D) 3/2.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. Calculate the approximate average elasticity of demand as the price falls from $18 to $0: 
A) 3. 
B) 1. 
C) 2/3. 
D) 3/2.

Refer to the Graph Shown