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    Exam 4: Elasticity: A Measure of Responsiveness
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    Figure 4.2 -In Figure 4.2 at Quantities Larger Than Q₁
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Figure 4.2 -In Figure 4.2 at Quantities Larger Than Q₁

Question 126

Question 126

Multiple Choice

  Figure 4.2 -In Figure 4.2 at quantities larger than Q₁ A)  total revenue is rising. B)  price elasticity is less than 1. C)  price and total revenue are directly related. D)  all of the above Figure 4.2
-In Figure 4.2 at quantities larger than Q₁


A) total revenue is rising.
B) price elasticity is less than 1.
C) price and total revenue are directly related.
D) all of the above

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