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Refer to Figure 24

question 64

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  Refer to Figure 24.3.Which of the following statements is true about the price elasticity of demand at price P<sub>2</sub>? A) The price elasticity is elastic. B) The price elasticity is unitary. C) The price elasticity is inelastic. D) The price elasticity is zero. Refer to Figure 24.3.Which of the following statements is true about the price elasticity of demand at price P2?


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