At the midpoint of a linear demand curve, the price elasticity of demand is:
A) equal to zero.
B) between zero and one.
C) equal to one.
D) greater than one.
C
Economics
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To obtain national income, start with GNP and subtract:
A. depreciation. B. depreciation and the statistical discrepancy. C. depreciation, indirect business taxes, and corporate profits. D. depreciation, indirect business taxes, corporate profits, and social insurance contributions.
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