Refer to the Following Table to Answer the Question A)$2 and $4

question 73

Multiple Choice

Refer to the following table to answer the question. Demand is most elastic between: $$\begin{array} { | c | c | } \hline \text { Price } & \text { Quantity Demanded } \\\hline \$ 2.00 & 26 \\\hline \$ 4.00 & 22 \\\hline \$ 6.00 & 18 \\\hline \$ 8.00 & 14 \\\hline \$ 10.00 & 10 \\\hline\end{array}$$

• A)$2 and $4.
• B)$4 and $6.
• C)$6 and $8.
• D)$8 and $10.

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Definitions:

Minimum Wage

The lowest wage, either by government regulation or by union contract, that an employer may pay an hourly worker.

Federal Minimum Wage

The lowest legal hourly pay for most workers in the United States, set by federal law.

Long-Term Employment

Long-term employment refers to a work arrangement where an individual is employed by the same company or organization for a lengthy period, suggesting stable and continuous work history.

Fraud

Intentional deception made for personal gain or to damage another individual.