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FIGURE 4- 1 -Refer to Figure 4- 1, Which Shows Two Demand Curves

Question 104

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FIGURE 4- 1 -Refer to Figure 4- 1, which shows two demand curves, one linear and the other a rectangular hyperbola. The price elasticity of demand is equal to one along the entire demand curve in A) diagram 2 only. B) diagram 1 only. C) both diagrams. D) neither diagram. FIGURE 4- 1
-Refer to Figure 4- 1, which shows two demand curves, one linear and the other a rectangular hyperbola. The price elasticity of demand is equal to one along the entire demand curve in


A) diagram 2 only.
B) diagram 1 only.
C) both diagrams.
D) neither diagram.

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