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At Higher Prices,the Price Elasticity of Demand Is Likely to Be

Question 137

Multiple Choice

At higher prices,the price elasticity of demand is likely to be ________,whereas it is likely to be ________ at lower prices.


A) perfectly elastic; perfectly inelastic
B) elastic; inelastic
C) inelastic; elastic
D) perfectly inelastic; perfectly elastic
E) unitary elastic; elastic

Correct Answer:

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