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A. The text notes that, for any linear demand curve, demand is price elastic in the upper half and price inelastic in the lower half.

A. The text notes that, for any linear demand curve, demand is price elastic in the upper half and price inelastic in the lower half. Consider the following demand curves:

Panel (a) Panel (b) $100 A B Price per unit Price per unit $10 E F D G H D 2 0 10 0 100 Quantity Quantity per period per period

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