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    Principles of Microeconomics Study Set 4
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    Exam 4: Elasticity
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Question 71

Question 71

Multiple Choice

  -Refer to the graph above to answer this question.Which of the following statements is correct? A) The demand curve in I is perfectly elastic. B) The demand curve is II is unitary elastic. C) The demand curve in III is perfectly inelastic. D) The demand curve in I is unitary elastic.
-Refer to the graph above to answer this question.Which of the following statements is correct?


A) The demand curve in I is perfectly elastic.
B) The demand curve is II is unitary elastic.
C) The demand curve in III is perfectly inelastic.
D) The demand curve in I is unitary elastic.

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