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In Exhibit 5­10, Between the Two Equilibrium Prices Shown, Demand

Question 67

Multiple Choice

In Exhibit 5­10, between the two equilibrium prices shown, demand is A) price elastic B) price inelastic C) unit elastic D) perfectly elastic E) perfectly inelastic In Exhibit 5­10, between the two equilibrium prices shown, demand is


A) price elastic
B) price inelastic
C) unit elastic
D) perfectly elastic
E) perfectly inelastic

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