Refer to the data. Suppose quantity supplied declined by 23 units at each price, changing the equilibrium price in a direction and amount for you to determine. Over that price range, demand is
A)elastic.
B)inelastic.
C)perfectly elastic.
D)perfectly inelastic.

Question

Refer to the data. Suppose quantity supplied declined by 23 units at each price, changing the equilibrium price in a direction and amount for you to determine. Over that price range, demand is
A)elastic. 
B)inelastic. 
C)perfectly elastic. 
D)perfectly inelastic.

Quizplus · Accepted Answer

The Answer of  Refer to the data. Suppose quantity supplied declined by 23 units at each price, changing the equilibrium price in a direction and amount for you to determine. Over that price range, demand is
A)elastic. 
B)inelastic. 
C)perfectly elastic. 
D)perfectly inelastic.

Refer to the Data