Multiple Choice
Figure: The Demand Curve for Crossings
(Figure: The Demand Curve for Crossings) Look at the figure The Demand Curve for Crossings.This graph examines the demand for crossing a bridge over a very large river.Using the midpoint method, the price elasticity of demand between $0.90 and $1.10 is approximately:
A) 0.1.
B) 0.2.
C) 1.
D) 1.9.
Correct Answer:
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