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Suppose Demand Can Be Written As PQ=1000\mathrm { PQ } = 1000

Question 48

Multiple Choice

Suppose demand can be written as PQ=1000\mathrm { PQ } = 1000 .The price elasticity of demand is


A) increasing as price rises.
B) decreasing as price rises.
C) constant regardless of prices and perfectly elastic.
D) constant regardless of prices and unit elastic.

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