In the following table, select the quantity interval in which demand is elastic. $$\begin{array} { c c }
\text { PRICE } & \text { QUANTITY (UNITS) } \
\$ 40 & 10 \
30 & 16 \
20 & 22 \
15 & 28 \
10 & 40 \
5 & 60
\end{array}$$
A) 28-40 units
B) 40-60 units
C) 10-16 units
D) 16-22 units
E) 22-28 units

Question

In the following table, select the quantity interval in which demand is elastic. $$\begin{array} { c c } 
\text { PRICE } & \text { QUANTITY (UNITS) } \
\$ 40 & 10 \
30 & 16 \
20 & 22 \
15 & 28 \
10 & 40 \
5 & 60
\end{array}$$
A) 28-40 units
B) 40-60 units
C) 10-16 units
D) 16-22 units
E) 22-28 units

Quizplus · Accepted Answer

The Answer of In the following table, select the quantity interval in which demand is elastic. $$\begin{array} { c c } 
\text { PRICE } & \text { QUANTITY (UNITS) } \
\$ 40 & 10 \
30 & 16 \
20 & 22 \
15 & 28 \
10 & 40 \
5 & 60
\end{array}$$
A) 28-40 units
B) 40-60 units
C) 10-16 units
D) 16-22 units
E) 22-28 units