Question: 3. Refer to Figure 1. Using the midpoint method, between prices of $48 and $54, price elasticity of demand is about a. 0.92. b. 3.89.

3. Refer to Figure 1. Using the midpoint method, between prices

3. Refer to Figure 1. Using the midpoint method, between prices of $48 and $54, price elasticity of demand is about a. 0.92. b. 3.89. C. 4.33. d. 5.67

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