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  3. please analyze the gprah carefully use the midpoint formula to...

Question: please analyze the gprah carefully use the midpoint formula to...

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PLEASE ANALYZE THE GPRAH CAREFULLY! USE THE MIDPOINT FORMULA TO BE SURE THAT YOU SELECTED THE CORRECT ANSWER! WRITING MUST BE CLEAR TO READ!!! IF YOU ARE UNABLE TO USE THIS FORMULA USE SOMETHING THAT WOULD TELL YOU THE CORRECT ANSWER!

MIDPOINT FORMULA: (Q2-Q1/Q2+Q1)/2 divided by (P2-P1/P2+P1)/2

4. The variety of demand curves The following graph displays four demand curves (LL, MM, NN, and O0) that intersect at point A. 100 90 DIE 50 1 30 冰》 0 0 20 30 4050 0 70 80 0 100 QUANTITY (Units)

Using the graph, complete the table that follows by indicating whether each statement is true or false. True False Statement Curve NN is less elastic between points A and D than curve MM is between points A and C· Between points A and D, curve NN is elastic. Between points A and B, curve LL is perfectly elastic. 。

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