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    Principles of Microeconomics Study Set 1
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    Exam 5: Elasticity and Its Application
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    Table 5-5 -Refer to Table 5-5. When Price Is Between $5 and Is
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Table 5-5 -Refer to Table 5-5. When Price Is Between $5 and Is

Question 150

Question 150

Multiple Choice

Table 5-5
Table 5-5    -Refer to Table 5-5. When price is between $5 and $9, demand is A)  elastic. B)  unit elastic. C)  inelastic. D)  There is not enough information given to determine whether demand is elastic, unit elastic, or inelastid.
-Refer to Table 5-5. When price is between $5 and $9, demand is


A) elastic.
B) unit elastic.
C) inelastic.
D) There is not enough information given to determine whether demand is elastic, unit elastic, or inelastid.

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