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    Exam 5: Elasticity of Demand and Supply
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    Exhibit 5.3 -Refer to Exhibit 5.3,which Shows a Linear Demand Curve.Between Points
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Exhibit 5.3 -Refer to Exhibit 5.3,which Shows a Linear Demand Curve.Between Points

Question 194

Question 194

Multiple Choice

Exhibit 5.3
Exhibit 5.3    -Refer to Exhibit 5.3,which shows a linear demand curve.Between points A and B,the elasticity of demand is ____ and demand is _____ A) 1; unit elastic. B) 1.89; elastic. C) 0.2; inelastic. D) infinity; perfectly elastic. E) 1; perfectly inelastic.
-Refer to Exhibit 5.3,which shows a linear demand curve.Between points A and B,the elasticity of demand is ____ and demand is _____


A) 1; unit elastic.
B) 1.89; elastic.
C) 0.2; inelastic.
D) infinity; perfectly elastic.
E) 1; perfectly inelastic.

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