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Consider a demand curve that is a straight downward-sloping line and has its midpoint at a price of $10 and a quantity of 4 million
Consider a demand curve that is a straight downward-sloping line and has its midpoint at a price of $10 and a quantity of 4 million units. At a price of $6, price elasticity of demand would be:
Group of answer choices
A).none of the above, or not enough information given to answer the question
B).unit elastic
c).elastic
D).inelastic
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