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Refer to the Graph Shown

Question 162

Multiple Choice

Refer to the graph shown. Area C plus area E is: Refer to the graph shown. Area C plus area E is: A) smaller than area A, because demand is elastic between $30 and $40. B) larger than area A, because demand is inelastic between $30 and $40. C) smaller than area A, because demand is inelastic between $30 and $40. D) larger than area A, because demand is elastic between $30 and $40.


A) smaller than area A, because demand is elastic between $30 and $40.
B) larger than area A, because demand is inelastic between $30 and $40.
C) smaller than area A, because demand is inelastic between $30 and $40.
D) larger than area A, because demand is elastic between $30 and $40.

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