-In the above figure, at which point on the demand curve is the price elasticity of demand equal to 1?
A) a
B) b
C) c
D) It is impossible to say at which point the elasticity equals one.

Question

-In the above figure, at which point on the demand curve is the price elasticity of demand equal to 1?
A) a 
B) b 
C) c 
D) It is impossible to say at which point the elasticity equals one.

Quizplus · Accepted Answer

The price elasticity of demand equals 1 at the midpoint of a linear demand curve, which is typically represented by point c.

-In the Above Figure, at Which Point on the Demand