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If the Slope of a Demand Curve Is Equal to -0.1

Question 179

Multiple Choice

If the slope of a demand curve is equal to -0.1 then


A) demand is inelastic.
B) we don't know whether the demand is elastic or inelastic.
C) the demand is elastic at low prices and inelastic at high prices.
D) as price increases by 10 percent quantity demanded decreases by 1 percent.

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