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Price Quantity Demanded 14 220 16 200 18 180 20 160 22 140 Refer to the information above to answer this question. Over what price
Price Quantity Demanded 14 220 16 200 18 180 20 160 22 140
Price | Quantity Demanded |
14 | 220 |
16 | 200 |
18 | 180 |
20 | 160 |
22 | 140 |
Refer to the information above to answer this question. Over what price range is demand inelastic smallest?
** (For this question it is ok to DROP the negative sign just like they do in the text - this means that "Inelastic" will be interpreted as LESS than 1 but greater than 0)
Question 12Select one:
a.
$14 to $18
b.
$14 to $16
c.
$16 to $18.
d.
$18 to $20.
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