Multiple Choice
FIGURE 4-2
-Refer to Figure 4-2.Demand is inelastic
A) over the entire demand curve in diagram 1.
B) over the entire demand curve in diagram 3.
C) over section (a) of the demand curve in diagram 1.
D) over section (b) of the demand curve in diagram 1.
E) at the midpoint between sections (a) and (b) of the demand curve in diagram 1.
Correct Answer:
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