Use the Following to Answer Questions

question 79

Multiple Choice

Use the following to answer questions :
Figure 4-2
-Refer to Figure 4-2.What is the elasticity of the demand curve DD between points C and D?

• A)3.33
• B)1.8
• C)1.0
• D)0.56
• E)None of the above

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Definitions:

Temporary Tax

A temporary tax is a levy imposed by a government for a specific period before it is automatically revoked or reassessed.

Major Export

The primary good or service sold by a country to foreign markets.

U.S.

The United States of America, a federal republic consisting of 50 states and a federal district.

Unemployment

The situation in which individuals who are able and willing to work cannot find a job.