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When the price is $6 a unit, demand is perfectly elastic. Draw the demand curve for this good. Label it When the quantity demanded is

When the price is $6 a unit, demand is perfectly elastic. Draw the demand curve for this good. Label it

When the quantity demanded is 3 million units a year, demand is perfectly inelastic. Draw the demand curve for this good. Label it

When the price is $12 a unit, the quantity demanded is 1 million units a year, and demand is unit elastic. Draw the demand curve for this good. Label it

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