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    Foundations of Macroeconomics
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    Exam 5: Elasticities of Demand and Supply
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    The Price Elasticity of Demand for Red Delicious Apples,a Certain
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The Price Elasticity of Demand for Red Delicious Apples,a Certain

Question 43

Question 43

Multiple Choice

The price elasticity of demand for Red Delicious apples,a certain type of apple,is likely


A) elastic.
B) inelastic.
C) perfectly elastic.
D) perfectly inelastic.
E) unit elastic.

Correct Answer:

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