Exhibit 20-1 -Refer to Exhibit 20-L.The Demand Curve D₃ Is

question 11

Multiple Choice

Exhibit 20-1

-Refer to Exhibit 20-l.The demand curve D₃ is

• A) inelastic.
• B) elastic.
• C) unit elastic.
• D) perfectly elastic.
• E) varying in elasticity along its length.

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