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    Essentials of Economics Study Set 2
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    Exam 7: Consumer Choice and Elasticity
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    Figure 7-10 -Refer to Figure 7-10.Using the Total Revenue Test to Verify
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Figure 7-10 -Refer to Figure 7-10.Using the Total Revenue Test to Verify

Question 24

Question 24

Multiple Choice

Figure 7-10
Figure 7-10    -Refer to Figure 7-10.Using the total revenue test to verify the price elasticity between points a and b on the demand curve,demand is A)  perfectly inelastic. B)  unit-elastic. C)  perfectly elastic. D)  elastic.
-Refer to Figure 7-10.Using the total revenue test to verify the price elasticity between points a and b on the demand curve,demand is


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

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