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Refer to Figure 20

Question 129

Multiple Choice

Refer to Figure 20.2.If the area 0P1AB is less than the area 0P2CD,we can conclude that the price elasticity of demand between point A and point C is Refer to Figure 20.2.If the area 0P<sub>1</sub>AB is less than the area 0P<sub>2</sub>CD,we can conclude that the price elasticity of demand between point A and point C is A) Elastic. B) Inelastic. C) Unitary elastic. D) Impossible to determine.It depends on whether the price has increased or decreased.


A) Elastic.
B) Inelastic.
C) Unitary elastic.
D) Impossible to determine.It depends on whether the price has increased or decreased.

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