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    Exam 5: Elasticity
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    A Horizontal Demand Curve Has a Price Elasticity of Demand
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A Horizontal Demand Curve Has a Price Elasticity of Demand

Question 182

Question 182

Multiple Choice

A horizontal demand curve has a price elasticity of demand equal to


A) 1.
B) 0.
C) infinity.
D) 0 at low quantities and 1 at higher quantities.

Correct Answer:

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