In the accompanying diagram, demand is relatively elastic
A)in the P₂ P₁ price range.
B)in the 0 P₁ price range.
C)in the P₂ P₄ price range.
D)only at price P₂.

Question

In the accompanying diagram, demand is relatively elastic
A)in the P₂ P₁ price range. 
B)in the 0 P₁ price range. 
C)in the P₂ P₄ price range. 
D)only at price P₂.

Quizplus · Accepted Answer

The Answer of  In the accompanying diagram, demand is relatively elastic
A)in the P₂ P₁ price range. 
B)in the 0 P₁ price range. 
C)in the P₂ P₄ price range. 
D)only at price P₂.

In the Accompanying Diagram, Demand Is Relatively Elastic