-Refer to the above table. For which prices is demand inelastic?
A) In a range of prices below $6.00
B) In a range of prices above $6.00
C) In a range of prices between $5 and $1
D) In a range of prices above $9.00

Question

-Refer to the above table. For which prices is demand inelastic?
A) In a range of prices below $6.00 
B) In a range of prices above $6.00 
C) In a range of prices between $5 and $1 
D) In a range of prices above $9.00

Quizplus · Accepted Answer

Demand is inelastic in a range of prices below $6.00, as inelastic demand typically occurs at lower price levels where consumers are less responsive to price changes.

-Refer to the Above Table