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After looking at some reports, you come to the conclusion that when price is 2, quantity is 1, and when price is 6 quantity is 9. Using the midpoint formula, what is the elasticity of this curve over the range provided. a. 5/8 b. 5/4 c. 8/5 d. 2 Is the curve described in the question a supply or demand curve?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9441305

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