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Figure 7-8 -Refer to Figure 7-8.As Price Falls from PA to PB,the

Question 296

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Figure 7-8
Figure 7-8 -Refer to Figure 7-8.As price falls from PA to PB,the quantity demanded increases most along D₁; therefore, A) D₁ is unit elastic. B) D₁ is more inelastic than D₂ or D₃. C) D₁ is more elastic than D₂ or D₃ D) D₁ is elastic at PA but inelastic at PB.
-Refer to Figure 7-8.As price falls from PA to PB,the quantity demanded increases most along D₁; therefore,


A) D₁ is unit elastic.
B) D₁ is more inelastic than D₂ or D₃.
C) D₁ is more elastic than D₂ or D₃
D) D₁ is elastic at PA but inelastic at PB.

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