In the Following Table, Select the Quantity Interval in Which $$\begin{array} { c c } \text { PRICE } & \text { QUANTITY (UNITS) } \\\$ 40 & 10 \\30 & 16 \\20 & 22 \\15 & 28 \\10 & 40 \\5 & 60\end{array}$$

question 45

Multiple Choice

In the following table, select the quantity interval in which demand is elastic. $$\begin{array} { c c } \text { PRICE } & \text { QUANTITY (UNITS) } \\\$ 40 & 10 \\30 & 16 \\20 & 22 \\15 & 28 \\10 & 40 \\5 & 60\end{array}$$

• A) 28-40 units
• B) 40-60 units
• C) 10-16 units
• D) 16-22 units
• E) 22-28 units

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WTO

The World Trade Organization, an international body that deals with the rules of trade between nations, aiming to ensure that trade flows as smoothly, predictably, and freely as possible.

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Products derived from farming and agriculture that are traded, sold, and used as staples in food supply chains.

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A political and economic union consisting of 27 European countries that have agreed to follow common economic, social, and security policies.

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The legal currencies in circulation within a specific country, used for the majority of financial transactions within that country.