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Suppose Demand Can Be Written As P=5\mathrm { P } = 5

Question 4

Multiple Choice

Suppose demand can be written as P=5\mathrm { P } = 5 .The 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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