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-(Exhibit: Estimating Price Elasticity) the Demand Curve D4 Shows That

Question 121

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-(Exhibit: Estimating Price Elasticity) The demand curve D<sub>4</sub> shows that: A) there is no change in quantity demanded in response to a price change. B) there is a quantity response only to a price decrease. C) demand is perfectly price elastic. D) demand is price elastic only in response to a price increase.
-(Exhibit: Estimating Price Elasticity) The demand curve D4 shows that:


A) there is no change in quantity demanded in response to a price change.
B) there is a quantity response only to a price decrease.
C) demand is perfectly price elastic.
D) demand is price elastic only in response to a price increase.

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