Exhibit 5-7 Demand curve for concert tickets

According to Exhibit 5-7, the demand for concert tickets between the prices of $10 and $40 is:
A) inelastic.
B) elastic.
C) unitary elastic
D) perfectly elastic.

Question

Exhibit 5-7 Demand curve for concert tickets
​

According to Exhibit 5-7, the demand for concert tickets between the prices of $10 and $40 is:
A) inelastic. 
B) elastic. 
C) unitary elastic 
D) perfectly elastic.

Quizplus · Accepted Answer

The Answer of Exhibit 5-7 Demand curve for concert tickets
​

According to Exhibit 5-7, the demand for concert tickets between the prices of $10 and $40 is:
A) inelastic. 
B) elastic. 
C) unitary elastic 
D) perfectly elastic.

Exhibit 5-7 Demand Curve for Concert Tickets