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4. Elastic, inelastic, and unit elastic demandThe following graph shows the demand for a good.Please fill out chart AND answer true or false question. Aplia

4. Elastic, inelastic, and unit elastic demandThe following graph shows the demand for a good.Please fill out chart AND answer true or false question.

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Aplia Homework: Chapter 5 W 140 PRICE (Dollars per unit) 90 L 70 Z 20- Demand CO 28 36 56 0 QUANTITY (Units) For each of the regions, use the midpoint method to identify whether the demand for this good is elastic, (approximately) unit elastic, or inelastic. Region Elastic Inelastic Unit Elastic Between X and Y O O O Between Y and Z O O O Between W and X O O O True or False: The value of the price elasticity of demand is equal to the slope of the demand curve

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