Answer the Question on the Basis of the Following Demand

question 198

Multiple Choice

Answer the question on the basis of the following demand schedule. The price elasticity of demand is unity

• A) throughout the entire price range, because the slope of the demand curve is constant.
• B) in the $4-$3 price range only.
• C) over the entire $3-$1 price range.
• D) over the entire $6-$4 price range.

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