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Consider the linear demand curve in the graph and assume that point B is the midpoint. At point C which is below mid point B,
Consider the linear demand curve in the graph and assume that point B is the midpoint. At point C which is below mid point B, the A.price increases as quantity increases. B.eta equals 1. C.demand is unit elastic. D.demand is inelastic.. E.demand can be elastic, inelastic, or unit elastic
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International Business
Authors: Alan M. Rugman, Simon Collinson
6th edition
273760971, 978-0273760979
