Refer to the information provided in Figure 5.2 below to answer the question(s) that follow. Figure 5.2
-Refer to Figure 5.2. At Point C the price elasticity of demand is -1. Along line segment ________ of the demand curve, the demand is elastic.
A) AC
B) BE
C) CF
D) AF

Question

Refer to the information provided in Figure 5.2 below to answer the question(s) that follow.  Figure 5.2
-Refer to Figure 5.2. At Point C the price elasticity of demand is -1. Along line segment ________ of the demand curve, the demand is elastic.
A) AC 
B) BE 
C) CF 
D) AF

Quizplus · Accepted Answer

Along line segment AC, the demand is elastic because at Point C, the price elasticity of demand is -1, indicating unit elasticity, and moving towards point A, the elasticity becomes more elastic.

Refer to the Information Provided in Figure 5