Refer to the information provided in Figure 5.2 below to answer the question(s) that follow. Figure 5.2
-Refer to Figure 5.2. At Point C the price elasticity of demand is -1. Along line segment ________ of the demand curve, the demand is inelastic.
A) AC
B) BE
C) CF
D) AF

Question

Refer to the information provided in Figure 5.2 below to answer the question(s) that follow.  Figure 5.2
-Refer to Figure 5.2. At Point C the price elasticity of demand is -1. Along line segment ________ of the demand curve, the demand is inelastic.
A) AC 
B) BE 
C) CF 
D) AF

Quizplus · Accepted Answer

Along line segment CF of the demand curve, the demand is inelastic because it is below Point C, where the price elasticity of demand is -1. In this region, a change in price results in a smaller proportional change in quantity demanded, indicating inelastic demand.

Refer to the Information Provided in Figure 5