Figure 5-4
-Refer to Figure 5-4.The section of the demand curve from A to B represents the
A)elastic section of the demand curve.
B)inelastic section of the demand curve.
C)unit elastic section of the demand curve.
D)perfectly elastic section of the demand curve.

Question

Figure 5-4 
-Refer to Figure 5-4.The section of the demand curve from A to B represents the
A)elastic section of the demand curve. 
B)inelastic section of the demand curve. 
C)unit elastic section of the demand curve. 
D)perfectly elastic section of the demand curve.

Quizplus · Accepted Answer

The section from A to B is elastic because the percentage change in quantity demanded is greater than the percentage change in price, indicating that consumers are responsive to price changes in this range.

Figure 5-4 -Refer to Figure 5-4.The Section of the Demand Curve from Demand