Exhibit 5-4 Demand Curves for Silver

question 123

Multiple Choice

Exhibit 5-4 Demand curves for silver
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-If the quantity of concert tickets sold decreases by 10 percent when the price increases by 5 percent, the price elasticity of demand over this range of the demand curve is:

• A) price elastic.
• B) price inelastic.
• C) perfectly inelastic.
• D) unitary elastic.

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