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Use the Following to Answer Question(s): Demand and Price Elasticity

Question 255

Multiple Choice

Use the following to answer question(s) : Demand and Price Elasticity 2
Use the following to answer question(s) : Demand and Price Elasticity 2 -(Exhibit: Demand and Price Elasticity 2) Price elasticity of demand for small changes in price in the neighborhood of point C: A) is 4. B) is -4. C) is -1. D) cannot be determined.
-(Exhibit: Demand and Price Elasticity 2) Price elasticity of demand for small changes in price in the neighborhood of point C:


A) is 4.
B) is -4.
C) is -1.
D) cannot be determined.

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