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Refer to the Following Figure

Question 4

Multiple Choice

Refer to the following figure:
Refer to the following figure: -At a price of $1, the point elasticity of demand for D<sub>2</sub> is ________ and marginal revenue is _______. A) -5; positive B) -0.5; negative C) -0.2; negative D) -1; zero
-At a price of $1, the point elasticity of demand for D2 is ________ and marginal revenue is _______.


A) -5; positive
B) -0.5; negative
C) -0.2; negative
D) -1; zero

Correct Answer:

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