Figure 4.5
-Refer to Figure 4.5.What does the section of the demand curve labelled 'A' represent?
A)The inelastic section of the demand curve
B)The unit-elastic section of the demand curve
C)The elastic section of the demand curve
D)The perfectly elastic section of the demand curve

Question

Figure 4.5 
-Refer to Figure 4.5.What does the section of the demand curve labelled 'A' represent?
A)The inelastic section of the demand curve 
B)The unit-elastic section of the demand curve 
C)The elastic section of the demand curve 
D)The perfectly elastic section of the demand curve

Quizplus · Accepted Answer

The section labeled 'A' on a demand curve typically represents the elastic section, where the percentage change in quantity demanded is greater than the percentage change in price, indicating sensitivity to price changes.

Figure 4.5 -Refer to Figure 4.5.What Does the Section of the Demand