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-Refer to Figure 24

Question 51

Multiple Choice

-Refer to Figure 24.3.Which of the following statements is true about the price elasticity of demand at price P<sub>3</sub>? A) The price elasticity is elastic. B) The price elasticity is unitary. C) The price elasticity is inelastic.
-Refer to Figure 24.3.Which of the following statements is true about the price elasticity of demand at price P3?


A) The price elasticity is elastic.
B) The price elasticity is unitary.
C) The price elasticity is inelastic.

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