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    Exam 5: Price Elasticity of Demand
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    A Demand Curve That Has Constant Price Elasticity of Demand
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A Demand Curve That Has Constant Price Elasticity of Demand

Question 179

Question 179

Multiple Choice

A demand curve that has constant price elasticity of demand coefficient equals to 1 at all points is a(n) :


A) rectangular hyperbola.
B) downward-sloping straight line.
C) upward-sloping straight line.
D) none of the above.

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