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The Graph Below Illustrates Three Demand Curves

Question 163

Multiple Choice

The graph below illustrates three demand curves.
The graph below illustrates three demand curves. -Refer to the graph above to answer this question.Which of the following statements is correct? A) The price elasticity of demand between points A and C on D<sub>3</sub> is 0.267. B) The price elasticity of demand between points A and C on D<sub>3</sub> is 0.375. C) The demand between points A and C on D<sub>3</sub> is elastic. D) The slope of demand curve D<sub>1</sub> and its price elasticity are the same.
-Refer to the graph above to answer this question.Which of the following statements is correct?


A) The price elasticity of demand between points A and C on D3 is 0.267.
B) The price elasticity of demand between points A and C on D3 is 0.375.
C) The demand between points A and C on D3 is elastic.
D) The slope of demand curve D1 and its price elasticity are the same.

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