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    The Economy Today
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    Exam 20: Elasticity
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    Over the Price Range from $180 to $120 in Figure
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Over the Price Range from $180 to $120 in Figure

Question 18

Question 18

Multiple Choice

Over the price range from $180 to $120 in Figure 20.1,ceteris paribus, Over the price range from $180 to $120 in Figure 20.1,ceteris paribus,   A) Demand is elastic. B) Total revenue is maximized. C) Demand is increasing. D) Utility is maximized.


A) Demand is elastic.
B) Total revenue is maximized.
C) Demand is increasing.
D) Utility is maximized.

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