-Refer to Table 6-6. Based on the data in the table, between a price of $10.99 and $12.99, the demand for streaming service is
A) elastic.
B) unit elastic.
C) inelastic.
D) perfectly inelastic.

Question

-Refer to Table 6-6. Based on the data in the table, between a price of $10.99 and $12.99, the demand for streaming service is
A) elastic. 
B) unit elastic. 
C) inelastic. 
D) perfectly inelastic.

Quizplus · Accepted Answer

The demand is elastic between these prices because the percentage change in quantity demanded is greater than the percentage change in price, indicating sensitivity to price changes.