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Suppose a Market Has the Demand Function Qd=20-0

Question 197

Multiple Choice

Suppose a market has the demand function Qd=20-0.5P.Between which of the following price ranges is demand most inelastic?


A) $0 to $10
B) $10 to $20
C) $20 to $30
D) $30 to $40

Correct Answer:

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