When the price of a burrito increases from $2 to $4, the quantity demanded decreases from 50 to 40. Using the midpoint method, the price elasticity of demand equals
A) 1/3.
B) 3.
C) 2.
D) 1.
E) 1/2.
A
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a. True b. False Indicate whether the statement is true or false
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a. True b. False Indicate whether the statement is true or false