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You learn that the slope of a demand curve is equal to -2. What do you know about price elasticity of demand? It's unitary elastic
You learn that the slope of a demand curve is equal to -2. What do you know about price elasticity of demand?
- It's unitary elastic
- It's elastic
- We cannot know the elasticity without more information
- It's inelastic
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Basic Economics
Authors: Frank V. Mastrianna
16th edition
1111826641, 978-0357706664, 978-1111826642
