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

question 155

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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