Figure 7-8 -For a Price Increase from $10 to $11, the Price

question 140

Multiple Choice

Figure 7-8
-For a price increase from $10 to $11, the price elasticity of the demand curve depicted in Figure 7-8 is

• A) highly inelastic.
• B) relatively inelastic.
• C) approximately equal to −1.
• D) approximately equal to −2.

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