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-(Exhibit: Estimating Price Elasticity) Between the Two Prices, P1 and P2

Question 188

Multiple Choice

-(Exhibit: Estimating Price Elasticity) Between the two prices, P<sub>1</sub> and P<sub>2</sub>, the absolute value of the price elasticity of demand is ________ for D<sub>2</sub>. A) 0 B) greater than 1 C) equal to 1 D) greater than 0 but less than 1
-(Exhibit: Estimating Price Elasticity) Between the two prices, P1 and P2, the absolute value of the price elasticity of demand is ________ for D2.


A) 0
B) greater than 1
C) equal to 1
D) greater than 0 but less than 1

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