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    Exam 5: Elasticity
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    The Price Elasticity of Demand for Alfalfa Is Perfectly Elastic
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The Price Elasticity of Demand for Alfalfa Is Perfectly Elastic

Question 78

Question 78

Multiple Choice

The price elasticity of demand for alfalfa is perfectly elastic. Thus, the price elasticity demand for alfalfa is


A) 1.0.
B) 0.0.
C) -1.0.
D) infinity.

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