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7. If the price of good A is $10, the quantity demanded for good A is 12. If the price of good A is $16,

7. If the price of good A is $10, the quantity demanded for good A is 12. If the price of good A is $16, the quantity demanded for good A is 6. The price elasticity of demand for good A (by using midpoint concept) is

a. 4.0.

b. 3.7.

c. 2.5.

d. 1.4.

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