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Refer to Figure 24

Question 56

Multiple Choice

Refer to Figure 24.3.Which of the following statements is true about the price elasticity of demand at price P<sub>3</sub>? A) The price elasticity is elastic. B) The price elasticity is unitary. C) The price elasticity is inelastic. D) The price elasticity is zero. Refer to Figure 24.3.Which of the following statements is true about the price elasticity of demand at price P3?


A) The price elasticity is elastic.
B) The price elasticity is unitary.
C) The price elasticity is inelastic.
D) The price elasticity is zero.

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