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    Survey of Economics Study Set 1
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    Exam 5: Price Elasticity of Demand
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    Exhibit 5-1  Demand Curves in Exhibit 5-1, the Demand Curve
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Exhibit 5-1  Demand Curves in Exhibit 5-1, the Demand Curve

Question 34

Question 34

Multiple Choice

Exhibit 5-1  Demand curves Exhibit 5-1  Demand curves   In Exhibit 5-1, the demand curve between points b and c is: A)  price elastic. B)  price inelastic. C)  unit elastic. D)  perfectly elastic. E)  perfectly inelastic. In Exhibit 5-1, the demand curve between points b and c is:


A) price elastic.
B) price inelastic.
C) unit elastic.
D) perfectly elastic.
E) perfectly inelastic.

Correct Answer:

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