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Question
Figure 6-6
Refer to Figure 6-6. As price falls from PA to PB, the quantity demanded increases most along D1; therefore,
A) D1 is unit elastic.
B) D1 is more inelastic than D2 or D3.
C) D1 is more elastic than D2 or D3
D) D1 is elastic at PA but inelastic at PB.
Answer
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