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Question
Price Per Unit | Quantity Demanded Per Week |
| $10.00 | 25 |
| 9.50 | 30 |
| 9.00 | 35 |
| 8.50 | 40 |
| 8.00 | 45 |
| 7.50 | 50 |
| 7.00 | 55 |
| 6.50 | 60 |
| 6.00 | 65 |
| 5.50 | 70 |
| 5.00 | 75 |
Refer to the above table. At a price below $5, the absolute price elasticity of demand is
A) 1.0.
B) below 1.
C) between 0.8 and 1.0.
D) greater than 1.
Answer
This answer is hidden. It contains 1 characters.
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