Figure 4.2
-In Figure 4.2 at quantities larger than Q₁ demand is
A) inferior.
B) elastic.
C) inelastic.
D) unit elastic.

Name: Figure 4.2 -In Figure 4.2 at quantities larger than Q₁ demand is A) inferior. B) elastic. C) inelastic. D) unit elastic.
Brand: Quizplus
Rating: 4.9 (36 reviews)

Question

Figure 4.2
-In Figure 4.2 at quantities larger than Q₁ demand is
A) inferior. 
B) elastic. 
C) inelastic. 
D) unit elastic.

Quizplus · Accepted Answer

At quantities larger than Q₁, the demand curve becomes flatter indicating that the demand is inelastic as the change in quantity demanded is proportionally less than the change in price.

Figure 4.2 -In Figure 4.2 at Quantities Larger Than Q₁ Demand Is