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Refer to the Diagram and Assume a Single Good

Question 136

Multiple Choice

Refer to the diagram and assume a single good. If the price of the good increased from $5.70 to $6.30 along D1, the price elasticity of demand along this portion of the demand curve would be A) 0.8. B) 1. C) 1.2. D) 2. Refer to the diagram and assume a single good. If the price of the good increased from $5.70 to $6.30 along D1, the price elasticity of demand along this portion of the demand curve would be


A) 0.8.
B) 1.
C) 1.2.
D) 2.

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