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Figure 5.1.1 Price Quantity per Volleyball Demanded $19 55 $21 45 The table shows two points on the demand curve for volleyballs. The price elasticity
Figure 5.1.1
Price Quantity per Volleyball Demanded
$19 55
$21 45
The table shows two points on the demand curve for volleyballs. The price elasticity of demand between these two points using the midpoint formula is
A) 2.5.
B) 2.0.
C) 0.5.
D) 0.4.
E) none of the above
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