Multiple Choice
Exhibit 5-11 
-Refer to Exhibit 5-11. What can be said of the price elasticity of demand for this good?
A) Demand is inelastic.
B) Demand is unit elastic.
C) Demand is elastic.
D) Demand is perfectly elastic.
E) Not enough information is given to determine elasticity.
Correct Answer:
Verified
Correct Answer:
Verified
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