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Suppose We Postulate a Linear Demand Curve and Observe,through

Question 35

Multiple Choice

Suppose we postulate a linear demand curve Suppose we postulate a linear demand curve and observe,through supply shifts,two points on the demand curve.At point A,P<sub>A</sub> = 2 and Q<sup>d</sup><sub>A</sub> = 6.At point B,P<sub>B</sub> = 4 and Q<sup>d</sup><sub>B</sub> = 2.The choke price for this demand curve is A) 10 B) 2 C) 5 D) -2 and observe,through supply shifts,two points on the demand curve.At point A,PA = 2 and QdA = 6.At point B,PB = 4 and QdB = 2.The choke price for this demand curve is


A) 10
B) 2
C) 5
D) -2

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