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Exhibit 5-16 Consider Exhibit 5-16

Question 119

Multiple Choice

Exhibit 5-16 Exhibit 5-16 Consider Exhibit 5-16.Since the product P x Q remains constant between points a and b, demand must be A) relatively inelastic B) perfectly inelastic C) unit elastic D) perfectly elastic E) relatively elastic Consider Exhibit 5-16.Since the product P x Q remains constant between points a and b, demand must be


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

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