Figure 7-7 -In the Price Range Between $3 and $4, the Price

question 44

Multiple Choice

Figure 7-7
-In the price range between $3 and $4, the price elasticity of the demand curve depicted in Figure 7-7 is

• A) highly elastic.
• B) approximately equal to −0.33.
• C) approximately equal to −3.
• D) of unitary elasticity.

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