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Figure 2.4.2 -Refer to Figure 2.4.2 Above. Fill in the Blanks. for Blanks

Question 72

Multiple Choice

  Figure 2.4.2 -Refer to Figure 2.4.2 above. Fill in the blanks. For any price higher than P*, the quantity demanded ________, while for any price lower than P*, the quantity demanded ________. A)  drops to zero; increases without limit B)  drops to zero; remains constant C)  increases without limit; does not exist D)  does not exist; is unpredictable Figure 2.4.2
-Refer to Figure 2.4.2 above. Fill in the blanks. For any price higher than P*, the quantity demanded ________, while for any price lower than P*, the quantity demanded ________.


A) drops to zero; increases without limit
B) drops to zero; remains constant
C) increases without limit; does not exist
D) does not exist; is unpredictable

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