Refer to the table above. If the price starts falling from $5, at what price range does demand first become inelastic?
A)from $2 to $1
B)from $3 to $2
C)from $4 to $3
D)from $5 to $4

Question

Refer to the table above. If the price starts falling from $5, at what price range does demand first become inelastic?
A)from $2 to $1 
B)from $3 to $2 
C)from $4 to $3 
D)from $5 to $4

Quizplus · Accepted Answer

The Answer of  Refer to the table above. If the price starts falling from $5, at what price range does demand first become inelastic?
A)from $2 to $1 
B)from $3 to $2 
C)from $4 to $3 
D)from $5 to $4

Refer to the Table Above