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Exhibit 6-2 Refer to Exhibit 6-2

Question 132

Multiple Choice

Exhibit 6-2 Exhibit 6-2 Refer to Exhibit 6-2.Elasticity varies along a linear demand curve.Graph B represents the section of the curve where: A) the curve is elastic. B) E<sub>d</sub> is > 1. C) starting at P<sub>1</sub>, an increase in price will lead to a decrease in total revenue. D) all of the above are correct. Refer to Exhibit 6-2.Elasticity varies along a linear demand curve.Graph B represents the section of the curve where:


A) the curve is elastic.
B) Ed is > 1.
C) starting at P1, an increase in price will lead to a decrease in total revenue.
D) all of the above are correct.

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