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Refer to the Figure Below

Question 110

Multiple Choice

Refer to the figure below. Let εX denote the price elasticity of demand at point X. Which of the following describes the relationship between εA, εB and εC? Refer to the figure below. Let ε<sub>X</sub> denote the price elasticity of demand at point X. Which of the following describes the relationship between ε<sub>A</sub>, ε<sub>B</sub> and ε<sub>C</sub>? A) ε<sub>A</sub>> ε<sub>C</sub>> ε<sub>B</sub> B) ε<sub>A</sub>> ε<sub>B</sub>> ε<sub>C</sub> C) ε<sub>C</sub>> ε<sub>B</sub>> ε<sub>A</sub> D) ε<sub>B</sub>> ε<sub>C</sub>> ε<sub>A</sub>


A) εA> εC> εB
B) εA> εB> εC
C) εC> εB> εA
D) εB> εC> εA

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