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    Principles of Microeconomics
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    Exam 5: Elasticity and Its Application
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    Elasticity of Demand Is Closely Related to the Slope of the Demand
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Elasticity of Demand Is Closely Related to the Slope of the Demand

Question 88

Question 88

Multiple Choice

Elasticity of demand is closely related to the slope of the demand curve.What is the slope when demand elasticity is greater


A) steeper
B) further to the right
C) flatter
D) closer to the vertical axis

Correct Answer:

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