What type of demand curve is depicted by the graph below?
A) perfectly elastic
B) relatively elastic
C) unit elastic
D) relatively inelastic

Question

What type of demand curve is depicted by the graph below? 
A) perfectly elastic 
B) relatively elastic 
C) unit elastic 
D) relatively inelastic

Quizplus · Accepted Answer

The graph shows a relatively steep slope, indicating a small change in price results in a larger change in quantity demanded. This suggests the demand is relatively inelastic - meaning consumers are not very sensitive to changes in price.

What Type of Demand Curve Is Depicted by the Graph