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Figure 7-8 -For a Price Increase from $10 to $11, the Price

Question 140

Multiple Choice

Figure 7-8 Figure 7-8 -For a price increase from $10 to $11, the price elasticity of the demand curve depicted in Figure 7-8 is A) highly inelastic. B) relatively inelastic. C) approximately equal to −1. D) approximately equal to −2.
-For a price increase from $10 to $11, the price elasticity of the demand curve depicted in Figure 7-8 is


A) highly inelastic.
B) relatively inelastic.
C) approximately equal to −1.
D) approximately equal to −2.

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