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Exhibit 4-A -Refer to Exhibit 4-A.Elasticity Varies Along a Linear Demand Curve.Graph

Question 175

Multiple Choice

Exhibit 4-A Exhibit 4-A -Refer to Exhibit 4-A.Elasticity varies along a linear demand curve.Graph A represents the section of the curve where: A) the curve is inelastic. B) E<sub>d</sub> is < 1. C) starting at P<sub>2</sub>, a decrease in price will lead to a decrease in total revenue. D) all of the above are correct. E) none of the above are correct.
-Refer to Exhibit 4-A.Elasticity varies along a linear demand curve.Graph A represents the section of the curve where:


A) the curve is inelastic.
B) Ed is < 1.
C) starting at P2, a decrease in price will lead to a decrease in total revenue.
D) all of the above are correct.
E) none of the above are correct.

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