Table 5-5
-Refer to Table 5-5. When price is between $5 and $9, demand is
A)elastic.
B)unit elastic.
C)inelastic.
D)There is not enough information given to determine whether demand is elastic, unit elastic, or inelastic.

Question

Table 5-5 
-Refer to Table 5-5. When price is between $5 and $9, demand is
A)elastic. 
B)unit elastic. 
C)inelastic. 
D)There is not enough information given to determine whether demand is elastic, unit elastic, or inelastic.

Quizplus · Accepted Answer

When price is between $5 and $9, the quantity demanded only changes from 100 to 90, which suggests that the demand is relatively unresponsive to changes in price, making it inelastic.

Table 5-5 -Refer to Table 5-5. When Price Is Between $5 and Between