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  3. Study Set
    Principles of Economics
  4. Exam
    Exam 5: Elasticity and Its Application
  5. Question
    Graph 5-3
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Graph 5-3

Question 142

Question 142

Multiple Choice

Graph 5-3 Graph 5-3    -In Graph 5-3, as price falls from P<sub>A</sub> to P<sub>B</sub>, which demand curve is least elastic? A) D₁ B) D<sub>2</sub> C) D<sub>3</sub> D) all of the above are equally elastic
-In Graph 5-3, as price falls from PA to PB, which demand curve is least elastic?


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

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