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Elasticity Summary
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Problem 9
Elasticity Summary
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4. Elasticity / Elasticity Summary / Problem 2
Problem 2
On a straight-line demand curve, where is the point of unit elasticity located?
A
At the lower end of the demand curve
B
At the upper end of the demand curve
C
At the midpoint of the demand curve
D
At the origin of the demand curve
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