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    Microeconomics A Contemporary Introduction Study Set 1
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    Exam 5: Elasticity of Demand and Supply
  5. Question
    Exhibit 5-10 in Exhibit 5-10, Between the Two Equilibrium
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Exhibit 5-10 in Exhibit 5-10, Between the Two Equilibrium

Question 6

Question 6

Multiple Choice

Exhibit 5-10 Exhibit 5-10   In Exhibit 5-10, between the two equilibrium prices shown, demand is A) price elastic B) price inelastic C) unit elastic D) perfectly elastic E) perfectly inelastic In Exhibit 5-10, between the two equilibrium prices shown, demand is


A) price elastic
B) price inelastic
C) unit elastic
D) perfectly elastic
E) perfectly inelastic

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