The following graph depicts demand.
Refer to the figure above.The price elasticity of demand at point B is:
A) 3/4.
B) 4/3.
C) 3.
D) 1/3.

Name: The following graph depicts demand. Refer to the figure above.The price elasticity of demand at point B is: A) 3/4. B) 4/3. C) 3. D) 1/3.
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Question

The following graph depicts demand. 
Refer to the figure above.The price elasticity of demand at point B is:
A) 3/4. 
B) 4/3. 
C) 3. 
D) 1/3.

Quizplus · Accepted Answer

The formula to use is (price/quantity)/slope.Here it is 4/6 × 2 = 4/3.(2 is the reciprocal of 0.5. )

The Following Graph Depicts Demand