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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 5-3  Demand Curves for Gallons of Orange Juice Using
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Exhibit 5-3  Demand Curves for Gallons of Orange Juice Using

Question 3

Question 3

Multiple Choice

Exhibit 5-3  Demand curves for gallons of orange juice Exhibit 5-3  Demand curves for gallons of orange juice   Using Exhibit 5-3, whose  quantity demanded  experiences the largest percentage increase when the price falls from $2 to $1? A)  Albert B)  Betty C)  Carl D)  Dana E)  Edward Using Exhibit 5-3, whose "quantity demanded" experiences the largest percentage increase when the price falls from $2 to $1?


A) Albert
B) Betty
C) Carl
D) Dana
E) Edward

Correct Answer:

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