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Author Question: The elasticity of demand along the demand curve shown in the above figure is constant and equal to ... (Read 115 times)

abarnes

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  • Posts: 556
on: Jun 29, 2018
The elasticity of demand along the demand curve shown in the above figure is constant and equal to 1. Thus
 
  A) area 0BCF equals area 0AGF.
  B) area 0BCF equals area FGDE.
  C) area 0BCF equals area 0ADE.
  D) area ABCG equals area 0AGF.

Question 2

In the above figure, the price paid by the buyer before the tax is ________ per compact disc, and the price paid by the buyer after the tax is ________ per compact disc.
 
  A) 20; 20
  B) 20; 30
  C) 30; 20
  D) 30; 30


joanwhite

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Reply #1 on: Jun 29, 2018
Answer to Question 1

C

Answer to Question 2

B


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