Multiple Choice
If the demand curve for tacos is a downward sloping straight line, at which of the following prices is the demand the most elastic?
A) a price of $0.50 per taco
B) a price of $1.00 per taco
C) a price of $1.50 per taco
D) There is not enough information given to determine at which price the demand is most elastic.
Correct Answer:
Verified
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