FIGURE 5-2

-Refer to Figure 5-2. Compared to Graph B, what type of demand curve does Graph A represent?
A) a unit inelastic curve
B) a relatively elastic curve
C) a unit elastic curve
D) a relatively inelastic curve

Question

FIGURE 5-2
 
-Refer to Figure 5-2. Compared to Graph B, what type of demand curve does Graph A represent?
A) a unit inelastic curve 
B) a relatively elastic curve 
C) a unit elastic curve 
D) a relatively inelastic curve

Quizplus · Accepted Answer

Graph A represents a relatively elastic demand curve because it is flatter, indicating that quantity demanded is more responsive to price changes compared to Graph B, which would be steeper and represent a relatively inelastic demand curve.

FIGURE 5-2 -Refer to Figure 5-2. Compared to Graph B, What Type