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    Micro Economics 1
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    Exam 18: Elasticity of Supply and Demand
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    When Demand Curve Is Rectangular Hyperbola, the Value of Price
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When Demand Curve Is Rectangular Hyperbola, the Value of Price

Question 6

Question 6

Multiple Choice

When demand curve is rectangular hyperbola, the value of price elasticity of demand will be:


A) Zero
B) One
C) Greater than one
D) Infinity

Correct Answer:

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