Refer to the information provided in Figure 5.1 below to answer the question(s) that follow. Figure 5.1
-Refer to Figure 5.1. The price elasticity of demand for tickets
A) is equal to zero.
B) is equal to 1.
C) is infinity.
D) varies at every point along the demand curve.

Question

Refer to the information provided in Figure 5.1 below to answer the question(s) that follow.  Figure 5.1
-Refer to Figure 5.1. The price elasticity of demand for tickets
A) is equal to zero. 
B) is equal to 1. 
C) is infinity. 
D) varies at every point along the demand curve.

Quizplus · Accepted Answer

The Answer is A

Refer to the Information Provided in Figure 5