Multiple Choice
The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1
-Refer to Figure 6.1. Which of the following is true of the demand curve for A?
A) Consumers purchase any quantity of A regardless of the price.
B) There is no change in the quantity demanded of A as the price changes.
C) A small price change will cause consumers to change their consumption by a much larger quantity.
D) The smallest price increase will cause consumers to switch to the producer with a lower price.
E) The price elasticity of demand for A is equal to 1.
Correct Answer:

Verified
Correct Answer:
Verified
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