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    Exam 5: Elasticity of Demand and Supply
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    NARRBEGIN: Exhibit 5-23 Exhibit 5-23
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NARRBEGIN: Exhibit 5-23 Exhibit 5-23

Question 180

Question 180

Multiple Choice

NARRBEGIN: Exhibit 5-23
Exhibit 5-23
NARRBEGIN: Exhibit 5-23 Exhibit 5-23    -Refer to Exhibit 5-23. The demand curve that best illustrates how consumers will respond to a change in price over a very long time period is: A)  curve D(1)  B)  curve D(2)  C)  curve D(4)  D)  curve D(3)  E)  either curve D(1)  or D(4)
-Refer to Exhibit 5-23. The demand curve that best illustrates how consumers will respond to a change in price over a very long time period is:


A) curve D(1)
B) curve D(2)
C) curve D(4)
D) curve D(3)
E) either curve D(1) or D(4)

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