Figure 7-7
In the price range between $3 and $4, the price elasticity of the demand curve depicted in Figure 7-7 is
A) highly elastic.
B) approximately equal to − 0.33.
C) approximately equal to − 3.
D) of unitary elasticity.

Question

Figure 7-7 
In the price range between $3 and $4, the price elasticity of the demand curve depicted in Figure 7-7 is
A) highly elastic. 
B) approximately equal to − 0.33. 
C) approximately equal to − 3. 
D) of unitary elasticity.

Quizplus · Accepted Answer

The Answer of Figure 7-7 
In the price range between $3 and $4, the price elasticity of the demand curve depicted in Figure 7-7 is
A) highly elastic. 
B) approximately equal to − 0.33. 
C) approximately equal to − 3. 
D) of unitary elasticity.

Figure 7-7 In the Price Range Between $3 and $4, the Price