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Figure 7-11 -Refer to Figure 7-11. as Price Falls from PA to from PA

Question 1

Multiple Choice

Figure 7-11 Figure 7-11 -Refer to Figure 7-11. As price falls from P<sub>A</sub> to P<sub>B</sub>, which demand curve represents the most elastic demand? A) D<sub>1</sub> B) D<sub>2</sub> C) D<sub>3</sub> D) All of the above are equally elastic.
-Refer to Figure 7-11. As price falls from PA to PB, which demand curve represents the most elastic demand?


A) D1
B) D2
C) D3
D) All of the above are equally elastic.

Correct Answer:

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