-The figure above illustrates a linear demand curve. In the price range from $8 to $6, demand is ________ and in the price range $4 to $2, demand is ________.
A) elastic; elastic
B) elastic; inelastic
C) inelastic; elastic
D) inelastic; inelastic

Question

-The figure above illustrates a linear demand curve. In the price range from $8 to $6, demand is ________ and in the price range $4 to $2, demand is ________.
A) elastic; elastic 
B) elastic; inelastic 
C) inelastic; elastic 
D) inelastic; inelastic

Quizplus · Accepted Answer

In the higher price range ($8 to $6), demand is elastic because consumers are more responsive to price changes. In the lower price range ($4 to $2), demand is inelastic as consumers are less responsive to price changes.

-The Figure Above Illustrates a Linear Demand Curve