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    Principles of Economics Study Set 4
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    Exam 4: Elasticity
  5. Question
    Suppose the Price Price P Gives Us a Price Elasticity
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Suppose the Price Price P Gives Us a Price Elasticity

Question 115

Question 115

Multiple Choice

Suppose the price price P gives us a price elasticity of demand equal to 1.It is on the ______ portion of the demand curve.


A) elastic
B) unitary elastic
C) inelastic
D) steepest

Correct Answer:

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