-At point A of Figure 3 within Figure 3.1, demand is
A)elastic.
B)inelastic.
C)perfectly inelastic.
D)perfectly elastic.

Name: -At point A of Figure 3 within Figure 3.1, demand is A)elastic. B)inelastic. C)perfectly inelastic. D)perfectly elastic.
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Question

-At point A of Figure 3 within Figure 3.1, demand is 
A)elastic. 
B)inelastic. 
C)perfectly inelastic. 
D)perfectly elastic.

Quizplus · Accepted Answer

At point A of Figure 3 within Figure 3.1, demand is elastic because this point lies on the upper portion of the demand curve, where a small change in price leads to a larger change in quantity demanded, indicating elasticity.

-At Point a of Figure 3 Within Figure 3