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On a typical linear demand curve, why is the bottom half usually inelastic? Multiple Choice O Because a price jump from $1 to $2 is

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On a typical linear demand curve, why is the bottom half usually inelastic? Multiple Choice O Because a price jump from $1 to $2 is a 100 percent increase, while a quantity move of 8 to 7 is just a 13 percent change in quantity. Whenever, the percentage change is price is higher than the percentage change in quantity, then demand is inelastic. O Answer A looks good and is correct. O Answer A is your best choice. O If you don't choose Answer A, then this problem will be marked incorrect

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