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Refer to the Accompanying Figure

Question 111

Multiple Choice

Refer to the accompanying figure. At P = 4, how does the price elasticity of demand for D1 compare to that for D2? Refer to the accompanying figure. At P = 4, how does the price elasticity of demand for D1 compare to that for D2? A) It will be equal for D1 and D2. B) It will be greater for D1 than for D2. C) It will be lower for D1 than D2. D) The price elasticity of demand for both D1 and D2 will be greater than one.


A) It will be equal for D1 and D2.
B) It will be greater for D1 than for D2.
C) It will be lower for D1 than D2.
D) The price elasticity of demand for both D1 and D2 will be greater than one.

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