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  1. Economics
  2. Basic Economic Concepts and Principles
  3. Elasticity
  4. 16552

Point Price Elasticity

If P1 =$5, Q1 =10,000, P2=$6 and Q2=5000, then at point P2 the point price elasticity Ep equals:
a. -6
b. -2.5
c. -4.25
d. -0/12

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