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Consider the Demand Curve Qd=5P1Q ^ { d } = 5 P - 1

Question 53

Multiple Choice

Consider the demand curve Qd=5P1Q ^ { d } = 5 P - 1 . The elasticity of demand along this demand curve:


A) is inelastic
B) is elastic
C) is unitary elastic
D) falls as the price falls

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