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24 A: 2 B: 2.5C: 1 D: 5 Price ($) O in N Consider the following diagram. Suppose the price of coffee declines from $4.5

24 A: 2 B: 2.5C: 1 D: 5

Price ($) O in N Consider the following diagram. Suppose the price of coffee declines from $4.5 to $3. As per the Mid-Point Method, the price elasticity of demand for coffee is D Quantity (Coffee)

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