-In the above figure, along which range would the demand for this good be most elastic?
A) Between point a and point b
B) Between point c and point d
C) Between point d and point e
D) At point e

Question

-In the above figure, along which range would the demand for this good be most elastic?
A) Between point a and point b 
B) Between point c and point d 
C) Between point d and point e 
D) At point e

Quizplus · Accepted Answer

The demand is most elastic between points where the price change leads to a significant change in quantity demanded. Typically, this occurs at higher price ranges, such as between point a and point b.

-In the Above Figure, Along Which Range Would the Demand