Figure 7-10 -Figure 7-10 Depicts a Demand Curve with a Price Elasticity

question 92

Multiple Choice

Figure 7-10

-Figure 7-10 depicts a demand curve with a price elasticity that is

• A)unitary,implying that a percent change in price leads to an equal percent change in quantity demanded.
• B)perfectly inelastic,implying that the same amount will be purchased regardless of the price of the good.
• C)equal to zero.
• D)both b and c.

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