Figure 5-9

-Refer to Figure 5-9.Between point A and point B on the graph,demand is
A)perfectly elastic.
B)inelastic.
C)unit elastic.
D)elastic, but not perfectly elastic.

Question

Figure 5-9
 
-Refer to Figure 5-9.Between point A and point B on the graph,demand is
A)perfectly elastic. 
B)inelastic. 
C)unit elastic. 
D)elastic, but not perfectly elastic.

Quizplus · Accepted Answer

Between point A and point B, the demand is elastic, meaning that the percentage change in quantity demanded is greater than the percentage change in price.

Figure 5-9 -Refer to Figure 5-9.Between Point a and Point B on and Point