Refer to the diagram. In the P₁P₂ price range, demand is
A)of unit elasticity.
B)relatively inelastic.
C)relatively elastic.
D)perfectly elastic.

Name: Refer to the diagram. In the P₁P₂ price range, demand is A)of unit elasticity. B)relatively inelastic. C)relatively elastic. D)perfectly elastic.
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Question

Refer to the diagram. In the P₁P₂ price range, demand is
A)of unit elasticity. 
B)relatively inelastic. 
C)relatively elastic. 
D)perfectly elastic.

Quizplus · Accepted Answer

The Answer of  Refer to the diagram. In the P₁P₂ price range, demand is
A)of unit elasticity. 
B)relatively inelastic. 
C)relatively elastic. 
D)perfectly elastic.

Refer to the Diagram