-(Exhibit: Estimating Price Elasticity) the Demand Curve D₄ Shows That

question 65

Multiple Choice

-(Exhibit: Estimating Price Elasticity) The demand curve D₄ shows that:

• A) there is no change in quantity demanded in response to a price change.
• B) there is a quantity response only to a price decrease.
• C) demand is perfectly price elastic.
• D) demand is price elastic only in response to a price increase.

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