Use the figure below to answer the following question(s).
Figure 7-6
-In the price range between $3 and $4, the price elasticity of the demand curve depicted in Figure 7-6 is
A) highly elastic.
B) approximately equal to −0.33.
C) approximately equal to −3.
D) of unitary elasticity.

Question

Use the figure below to answer the following question(s).
Figure 7-6 
-In the price range between $3 and $4, the price elasticity of the demand curve depicted in Figure 7-6 is
A) highly elastic. 
B) approximately equal to −0.33. 
C) approximately equal to −3. 
D) of unitary elasticity.

Quizplus · Accepted Answer

The Answer of Use the figure below to answer the following question(s).
Figure 7-6 
-In the price range between $3 and $4, the price elasticity of the demand curve depicted in Figure 7-6 is
A) highly elastic. 
B) approximately equal to −0.33. 
C) approximately equal to −3. 
D) of unitary elasticity.

Use the Figure Below to Answer the Following Question(s)