-The figure above shows a monopoly firm's demand curve. At point u in the figure, the demand facing the monopoly is
A) elastic.
B) unit elastic.
C) inelastic.
D) less than the supply.

Question

-The figure above shows a monopoly firm's demand curve. At point u in the figure, the demand facing the monopoly is
A) elastic. 
B) unit elastic. 
C) inelastic. 
D) less than the supply.

Quizplus · Accepted Answer

The Answer of 
-The figure above shows a monopoly firm's demand curve. At point u in the figure, the demand facing the monopoly is
A) elastic. 
B) unit elastic. 
C) inelastic. 
D) less than the supply.

-The Figure Above Shows a Monopoly Firm's Demand Curve