Refer to the diagram. In the P₁ to P₂ price range, we can say
A)that consumer purchases are relatively insensitive to price changes.
B)nothing concerning price elasticity of demand.
C)that demand is inelastic with respect to price.
D)that demand is elastic with respect to price.

Question

Refer to the diagram. In the P₁ to P₂ price range, we can say
A)that consumer purchases are relatively insensitive to price changes. 
B)nothing concerning price elasticity of demand. 
C)that demand is inelastic with respect to price. 
D)that demand is elastic with respect to price.

Quizplus · Accepted Answer

The Answer of  Refer to the diagram. In the P₁ to P₂ price range, we can say
A)that consumer purchases are relatively insensitive to price changes. 
B)nothing concerning price elasticity of demand. 
C)that demand is inelastic with respect to price. 
D)that demand is elastic with respect to price.

Refer to the Diagram