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-The Figure Illustrates the Demand for Hamburgers

question 142

Multiple Choice

  -The figure illustrates the demand for hamburgers. When the price is $1.00 a hamburger, the elasticity of demand is ________ and a 1 percent increase in the price will ________ the quantity of hamburgers demanded by ________ percent. A)  1.00; decrease; 0.40 B)  0.40; decrease; 0.40 C)  2.50; increase; 2.50 D)  5.00; decrease; 5.00
-The figure illustrates the demand for hamburgers. When the price is $1.00 a hamburger, the elasticity of demand is ________ and a 1 percent increase in the price will ________ the quantity of hamburgers demanded by ________ percent.


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