Refer to the diagram and assume a single good. If the price of the good increased from $5.70 to $6.30 along D1, the price elasticity of demand along this portion of the demand curve would be
A)0.8.
B)1.
C)1.2.
D)2.

Question

Refer to the diagram and assume a single good. If the price of the good increased from $5.70 to $6.30 along D1, the price elasticity of demand along this portion of the demand curve would be
A)0.8. 
B)1. 
C)1.2. 
D)2.

Quizplus · Accepted Answer

The Answer of  Refer to the diagram and assume a single good. If the price of the good increased from $5.70 to $6.30 along D1, the price elasticity of demand along this portion of the demand curve would be
A)0.8. 
B)1. 
C)1.2. 
D)2.

Refer to the Diagram and Assume a Single Good