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1. Consider a linear demand curve: qD=abp Draw a diagram illustrating how the elasticity of demand varies along the demand curve (quantity on the horizontal

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1. Consider a linear demand curve: qD=abp Draw a diagram illustrating how the elasticity of demand varies along the demand curve (quantity on the horizontal axis, price on the positive part of the vertical axis, price elasticity on the negative part of the vertical axis). Indicate the point at which the elasticity is equal to minus one

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