Exhibit 5-11 -Refer to Exhibit 5-11. What Can Be Said of the Said

question 146

Multiple Choice

Exhibit 5-11
-Refer to Exhibit 5-11. What can be said of the price elasticity of demand for this good?

• A) Demand is inelastic.
• B) Demand is unit elastic.
• C) Demand is elastic.
• D) Demand is perfectly elastic.
• E) Not enough information is given to determine elasticity.

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