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Refer to Figure 20

Question 66

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Refer to Figure 20.2. Comparing the price elasticity of demand at points A and C, we can say that A) The elasticities are the same because the points are on the same demand curve. B) Point A has a greater price elasticity of demand. C) Point C has a greater price elasticity of demand. D) Demand elasticity is indeterminate because specific price data are not given. Refer to Figure 20.2. Comparing the price elasticity of demand at points A and C, we can say that


A) The elasticities are the same because the points are on the same demand curve.
B) Point A has a greater price elasticity of demand.
C) Point C has a greater price elasticity of demand.
D) Demand elasticity is indeterminate because specific price data are not given.

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