The Value of Elasticity of the Demand Curve Facing a Perfectly

question 60

Multiple Choice

The value of elasticity of the demand curve facing a perfectly competitive firm:

• A)is equal 0.
• B)is equal to infinity.
• C)is greater than 0 but less than 0.5.
• D)is smaller than 0 but more than ─0.5.
• E)is equal to 0.5.

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