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Refer to the Following

Question 6

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Refer to the following:
Refer to the following:     The graph on the left shows the short-run marginal cost curve for a typical firm selling in a perfectly competitive industry. The graph on the right shows current industry demand and supply. -If the firm's demand and marginal revenue curves were drawn in the left-hand graph, what would be the elasticity of demand? A)  zero B)  -6 C)  -0.6 D)  infinitely elastic E)  unitary
The graph on the left shows the short-run marginal cost curve for a typical firm selling in a perfectly competitive industry. The graph on the right shows current industry demand and supply.
-If the firm's demand and marginal revenue curves were drawn in the left-hand graph, what would be the elasticity of demand?


A) zero
B) -6
C) -0.6
D) infinitely elastic
E) unitary

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