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    -In the Above Figure, at Which Point on the Demand
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-In the Above Figure, at Which Point on the Demand

Question 120

Question 120

Multiple Choice

  -In the above figure, at which point on the demand curve is the price elasticity of demand equal to 1? A)  a B)  b C)  c D)  It is impossible to say at which point the elasticity equals one.
-In the above figure, at which point on the demand curve is the price elasticity of demand equal to 1?


A) a
B) b
C) c
D) It is impossible to say at which point the elasticity equals one.

Correct Answer:

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