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    Microeconomics Principles Applications and Tools Study Set 2
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    Exam 5: Elasticity: a Measure of Responsiveness
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    -Refer to Figure 5
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-Refer to Figure 5

Question 30

Question 30

Multiple Choice

  -Refer to Figure 5.2.Using the initial-value method,the value of the price elasticity of demand from point A to point B can be described as: A) elastic. B) inelastic. C) unitary. D) zero.
-Refer to Figure 5.2.Using the initial-value method,the value of the price elasticity of demand from point A to point B can be described as:


A) elastic.
B) inelastic.
C) unitary.
D) zero.

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