Use the diagram below to answer this question.

For this demand curve, the price elasticity of demand is
A) more elastic at $3 than at $2.
B) more elastic at $2 than at $3.
C) identical at $2 to that at $3.
D) equal to 1.0 over the range from $3 to $2.

Question

Use the diagram below to answer this question.

For this demand curve, the price elasticity of demand is
A) more elastic at $3 than at $2. 
B) more elastic at $2 than at $3. 
C) identical at $2 to that at $3. 
D) equal to 1.0 over the range from $3 to $2.

Quizplus · Accepted Answer

The Answer of Use the diagram below to answer this question.

For this demand curve, the price elasticity of demand is
A) more elastic at $3 than at $2. 
B) more elastic at $2 than at $3. 
C) identical at $2 to that at $3. 
D) equal to 1.0 over the range from $3 to $2.

Use the Diagram Below to Answer This Question