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(Figure: the Demand Curve for Car Insurance) Use Figure: the Demand

Question 151

Multiple Choice

(Figure: The Demand Curve for Car Insurance) Use Figure: The Demand Curve for Car Insurance. Demand is _____ between $20 and $21, since total revenue _____ when the price _____.
(Figure: The Demand Curve for Car Insurance) Use Figure: The Demand Curve for Car Insurance. Demand is _____ between $20 and $21, since total revenue _____ when the price _____. A) elastic; increases; decreases B) inelastic; stays the same; decreases C) elastic; decreases; increases D) inelastic; increases; increases


A) elastic; increases; decreases
B) inelastic; stays the same; decreases
C) elastic; decreases; increases
D) inelastic; increases; increases

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