Q73. the price is 3, the quantity demanded is 8. When
the price is 6, the quantity demanded is 4. What is the price
elasticity of When demand?
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Q74. A perfectly inelastic demand curve will be
---------------- on a graph while a perfectly elastic demand curve
will be ------------------on a
graph. a.
vertical;
horizontal
b. horizontal;
vertical
c. vertical;
vertical
d. horizontal; horizontal
Q75. When demand is price-inelastic, a price decrease
will result in:
a. an increase in...