Suppose at a Price of $4 and at a Price

question 43

Multiple Choice

Suppose at a price of $4 and at a price of $6,John purchases 40 units of good X.Given this information,we know that

• A) John's entire demand curve for good X is perfectly elastic.
• B) John's demand for good X is inelastic.
• C) John's demand for good X is perfectly inelastic between the prices of $4 and $6.
• D) John's demand for good X is perfectly elastic between the prices of $4 and $6.
• E) John's demand for good X is unit elastic.

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