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(Figure: Estimating Price Elasticity in the Market for Garden Gnomes)

Question 132

Multiple Choice

(Figure: Estimating Price Elasticity in the Market for Garden Gnomes) Use Figure: Estimating Price Elasticity in the Market for Garden Gnomes. Between the two prices, P1 and P2, which demand curve has the lowest price elasticity?
(Figure: Estimating Price Elasticity in the Market for Garden Gnomes) Use Figure: Estimating Price Elasticity in the Market for Garden Gnomes. Between the two prices, P<sub>1</sub> and P<sub>2</sub>, which demand curve has the lowest price elasticity? A) D<sub>1</sub> B) D<sub>2</sub> C) D<sub>3</sub> D) D<sub>4</sub>


A) D1
B) D2
C) D3
D) D4

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