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  3. Study Set
    Economics Study Set 8
  4. Exam
    Exam 6: Describing Supply and Demand: Elasticities
  5. Question
    Refer to the Graph Shown
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Refer to the Graph Shown

Question 19

Question 19

Multiple Choice

Refer to the graph shown. When price declines by 11 percent, quantity supplied falls by 8 percent. Which curve best demonstrates the elasticity in this example? Refer to the graph shown. When price declines by 11 percent, quantity supplied falls by 8 percent. Which curve best demonstrates the elasticity in this example?   A) A B) B C) C D) None of the answers is correct.


A) A
B) B
C) C
D) None of the answers is correct.

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