Figure 7-8
For a price increase from $10 to $11, the price elasticity of the demand curve depicted in Figure 7-8 is
A) highly inelastic.
B) relatively inelastic.
C) approximately equal to − 1.
D) approximately equal to − 2.

Question

Figure 7-8 
For a price increase from $10 to $11, the price elasticity of the demand curve depicted in Figure 7-8 is
A) highly inelastic. 
B) relatively inelastic. 
C) approximately equal to − 1. 
D) approximately equal to − 2.

Quizplus · Accepted Answer

The Answer of Figure 7-8 
For a price increase from $10 to $11, the price elasticity of the demand curve depicted in Figure 7-8 is
A) highly inelastic. 
B) relatively inelastic. 
C) approximately equal to − 1. 
D) approximately equal to − 2.

Figure 7-8 For a Price Increase from $10 to $11, the Price