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3. Refer to Figure 1. Using the midpoint method, between prices of $48 and $54, price elasticity of demand is about a. 0.92. b. 3.89.

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3. Refer to Figure 1. Using the midpoint method, between prices of $48 and $54, price elasticity of demand is about a. 0.92. b. 3.89. C. 4.33. d. 5.67

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