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    If We Know That the Price Elasticity of Demand Is
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If We Know That the Price Elasticity of Demand Is

Question 158

Question 158

Essay

If we know that the price elasticity of demand is:
a.-5,graph the demand curve.
b. -1/2 ,graph the demand curve.
c.infinite,graph the demand curve.

Correct Answer:

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a.
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A price elasticity of demand of -5...

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