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If a 10 Percent Rise in the Price of Goods

Question 17

Multiple Choice

If a 10 percent rise in the price of goods leads to a 10 percent decrease in quantity demanded,the demand curve for this good


A) is vertical.
B) is horizontal.
C) has slope equal to -1.
D) is a straight line with slope equal to -10.
E) is downward sloping and bowed toward the origin.

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