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