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Author Question: FIGURE 4-2Refer to Figure 4-2. There is good reason to suppose that, of the four goods whose demand ... (Read 409 times)

trevg

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on: Oct 12, 2022

Question 1

If demand is unit elastic at all prices, then the demand curve is
◦ a parabola.
◦ a straight line.
◦ a rectangular hyperbola.
◦ upward sloping.
◦ perfectly horizontal.

Question 2




FIGURE 4-2

Refer to Figure 4-2. There is good reason to suppose that, of the four goods whose demand curves are shown in the figure, the good that has an almost perfect substitute is shown in


◦ diagram 1
◦ diagram 2
◦ diagram 3
◦ diagram 4
◦ There is not enough information to determine this.
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Marked as best answer by trevg on Oct 12, 2022

Sophia0717

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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trevg

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Reply 2 on: Oct 12, 2022
YES! Correct, THANKS for helping me on my review

flexer1n1

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Reply 3 on: Yesterday
Excellent

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