Figure 2.4.1
-Refer to Figure 2.4.1. Between points E and F, demand is:
A) completely inelastic.
B) inelastic, but not completely inelastic.
C) unit elastic.
D) elastic, but not infinitely elastic.
E) infinitely elastic.

Question

Figure 2.4.1
-Refer to Figure 2.4.1. Between points E and F, demand is:
A) completely inelastic. 
B) inelastic, but not completely inelastic. 
C) unit elastic. 
D) elastic, but not infinitely elastic. 
E) infinitely elastic.

Quizplus · Accepted Answer

Demand is inelastic, but not completely inelastic, as a change in price will result in a proportionally smaller change in quantity demanded.

Figure 2.4.1 -Refer to Figure 2.4.1. Between Points E and F, Demand