Use the table below to answer the following questions.
Table 4.1.1
Demand schedule for good A.

-Refer to Table 4.1.1. Demand is unit elastic when the price falls from
A)$8 to $7.
B)$7 to $6.
C)$6 to $5.
D)$5 to $4.
E)$4 to $3.

Question

Use the table below to answer the following questions.
Table 4.1.1
Demand schedule for good A.
 
-Refer to Table 4.1.1. Demand is unit elastic when the price falls from
A)$8 to $7. 
B)$7 to $6. 
C)$6 to $5. 
D)$5 to $4. 
E)$4 to $3.

Quizplus · Accepted Answer

The Answer of Use the table below to answer the following questions.
Table 4.1.1
Demand schedule for good A.
 
-Refer to Table 4.1.1. Demand is unit elastic when the price falls from
A)$8 to $7. 
B)$7 to $6. 
C)$6 to $5. 
D)$5 to $4. 
E)$4 to $3.

Use the Table Below to Answer the Following Questions