In the accompanying graph,the price elastic portion of demand is found in the ________ region and the price inelastic portion of demand is found in the ________ region of the graph.
A)middle; lower
B)lower; upper
C)upper; lower
D)middle; middle
E)None of these choices are correct.

Question

In the accompanying graph,the price elastic portion of demand is found in the ________ region and the price inelastic portion of demand is found in the ________ region of the graph. 
A)middle; lower 
B)lower; upper 
C)upper; lower 
D)middle; middle 
E)None of these choices are correct.

Quizplus · Accepted Answer

According to the graph, the upper portion where the curve is steeper indicates price inelastic demand, while the lower portion where the curve is flatter indicates price elastic demand. Therefore, the correct answer is C, with the upper region indicating the price inelastic portion of demand and the lower region indicating the price elastic portion of demand.

In the Accompanying Graph,the Price Elastic Portion of Demand Is