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The next table shows the marginal value of beer for individual A. The values are measured in dollars. Table 1: Individual A Quantity of Beer
The next table shows the marginal value of beer for individual A. The values are measured in dollars.
Table 1: Individual A
Quantity of Beer Marginal Value of Beer (in $)
1 5
2 4
3 3
4 2
5 1
6 0
7 0
8 0
9 0
10 0
What is the price elasticity of A's demand between the price of $4 and $2 (evaluated at the averages)? (Select all that apply)
Select 2 correct answer(s)
Question 12 options:
-5
-4
-3
-2
-1
0
1
2
3
4
5
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