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Consider the Demand Curve Above

Question 213

Multiple Choice

Consider the demand curve above. If area 0ABC is smaller than area 0DEF, we may conclude that demand in this range is A) price-inelastic. B) income-inelastic. C) price-elastic. D) income-elastic. Consider the demand curve above. If area 0ABC is smaller than area 0DEF, we may conclude that demand in this range is


A) price-inelastic.
B) income-inelastic.
C) price-elastic.
D) income-elastic.

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