Figure 6-3

-In Figure 6-3(a), at any price above $6, quantity demanded
A)falls to zero.
B)becomes infinitely large.
C)equals price.
D)equals the elasticity of demand.

Name: Figure 6-3 -In Figure 6-3(a), at any price above $6, quantity demanded A)falls to zero. B)becomes infinitely large. C)equals price. D)equals the elasticity of demand.
Brand: Quizplus
Rating: 4.8 (44 reviews)

Question

Figure 6-3

-In Figure 6-3(a), at any price above $6, quantity demanded
A)falls to zero. 
B)becomes infinitely large. 
C)equals price. 
D)equals the elasticity of demand.

Quizplus · Accepted Answer

At a price above $6, the quantity demanded falls to zero, indicating perfect elasticity of demand.

Figure 6-3 -In Figure 6-3(a), at Any Price Above $6, Quantity Demanded