FIGURE 5-2

-Refer to Figure 5-2. Compared to Graph A, what type of demand curve does Graph B represent?
A) a unit inelastic curve
B) a relatively elastic curve
C) a relatively inelastic curve
D) a unit elastic curve

Question

FIGURE 5-2
 
-Refer to Figure 5-2. Compared to Graph A, what type of demand curve does Graph B represent?
A) a unit inelastic curve 
B) a relatively elastic curve 
C) a relatively inelastic curve 
D) a unit elastic curve

Quizplus · Accepted Answer

Graph B represents a relatively inelastic curve as it has a steeper slope than Graph A, indicating that a change in price has a smaller effect on the quantity demanded.

FIGURE 5-2 -Refer to Figure 5-2. Compared to Graph A, What Type