Exhibit 5-16 -Consider Exhibit 5-16. Since the Product P X Q Remains

question 16

Multiple Choice

Exhibit 5-16
-Consider Exhibit 5-16. Since the product P x Q remains constant between points a and b, demand must be

• A) relatively inelastic
• B) perfectly inelastic
• C) unit elastic
• D) perfectly elastic
• E) relatively elastic

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