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Question 5 0/ 1pts What type of arc price elasticity of demand does the absolute value of 2.5suggest? Inelastic Perfectly Inelastic Elastic Perfectly Elastic Question

Question 5

0/ 1pts

What type of arc price elasticity of demand does the absolute value of 2.5suggest?

Inelastic

Perfectly Inelastic

Elastic

Perfectly Elastic

Question 7

0/ 2pts

Calculate arc price elasticity of demand given the following:Q1= 600 , Q0= 400 , P1= 9 , P0= 11

Question 8

0/ 1pts

Calculate arc price elasticity of demand given the following:QD=1500 - 100P , andP1= 9 , P0= 11

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