If the Price-Consumption Curve Is Upward Sloping,then Demand Elasticity

question 23

Multiple Choice

If the price-consumption curve is upward sloping,then demand elasticity:

• A)may be greater than 1.0.
• B)must be less than 1.0.
• C)equals 1.0
• D)must be between 0.5 and 1.5.

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