Refer to the graph shown. Area C plus area E is:
A) smaller than area A, because demand is elastic between $30 and $40.
B) larger than area A, because demand is inelastic between $30 and $40.
C) smaller than area A, because demand is inelastic between $30 and $40.
D) larger than area A, because demand is elastic between $30 and $40.

Question

Refer to the graph shown. Area C plus area E is: 
A) smaller than area A, because demand is elastic between $30 and $40. 
B) larger than area A, because demand is inelastic between $30 and $40. 
C) smaller than area A, because demand is inelastic between $30 and $40. 
D) larger than area A, because demand is elastic between $30 and $40.

Quizplus · Accepted Answer

The Answer of Refer to the graph shown. Area C plus area E is: 
A) smaller than area A, because demand is elastic between $30 and $40. 
B) larger than area A, because demand is inelastic between $30 and $40. 
C) smaller than area A, because demand is inelastic between $30 and $40. 
D) larger than area A, because demand is elastic between $30 and $40.

Refer to the Graph Shown