Exhibit 5-1 Demand curve

In Exhibit 5-1, between points a and b, the price elasticity of demand is:
A) 0.67.
B) 1.5.
C) 2.0.
D) 1.0.

Name: Exhibit 5-1 Demand curve In Exhibit 5-1, between points a and b, the price elasticity of demand is: A) 0.67. B) 1.5. C) 2.0. D) 1.0.
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Question

Exhibit 5-1 Demand curve

In Exhibit 5-1, between points a and b, the price elasticity of demand is:
A) 0.67. 
B) 1.5. 
C) 2.0. 
D) 1.0.

Quizplus · Accepted Answer

The Answer of Exhibit 5-1 Demand curve

In Exhibit 5-1, between points a and b, the price elasticity of demand is:
A) 0.67. 
B) 1.5. 
C) 2.0. 
D) 1.0.

Exhibit 5-1 Demand Curve