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Figure 7-7 In the Price Range Between $3 and $4, the Price

Question 125

Multiple Choice

Figure 7-7 Figure 7-7 In the price range between $3 and $4, the price elasticity of the demand curve depicted in Figure 7-7 is A) highly elastic. B) approximately equal to − 0.33. C) approximately equal to − 3. D) of unitary elasticity.
In the price range between $3 and $4, the price elasticity of the demand curve depicted in Figure 7-7 is


A) highly elastic.
B) approximately equal to − 0.33.
C) approximately equal to − 3.
D) of unitary elasticity.

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