Use the following to answer questions :
Figure 4-2
-Refer to the Figure 4-2.What is the elasticity of the demand curve DD between points A and B?
A)3.67
B)1.8
C)1.0
D)0.56
E)None of the above

Question

Use the following to answer questions :
Figure 4-2 
-Refer to the Figure 4-2.What is the elasticity of the demand curve DD between points A and B?
A)3.67 
B)1.8 
C)1.0 
D)0.56 
E)None of the above

Quizplus · Accepted Answer

The elasticity of the demand curve between points A and B can be calculated using the formula for price elasticity of demand, which is the percentage change in quantity demanded divided by the percentage change in price. Without seeing Figure 4-2, the correct answer cannot be determined directly from the question. However, if option A) 3.67 is given as the correct answer, it suggests that the calculation based on the information provided in Figure 4-2 leads to this value, indicating a relatively elastic demand curve between points A and B.

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