-The demand curve shown in the figure above is ________ over the price range from $95 to $105 per trip.
A) perfectly elastic
B) perfectly inelastic
C) unit elastic
D) elastic but not perfectly elastic
E) inelastic but not perfectly inelastic

Question

-The demand curve shown in the figure above is ________ over the price range from $95 to $105 per trip.
A) perfectly elastic 
B) perfectly inelastic 
C) unit elastic 
D) elastic but not perfectly elastic 
E) inelastic but not perfectly inelastic

Quizplus · Accepted Answer

The demand curve is unit elastic over the price range from $95 to $105 per trip, meaning that the percentage change in quantity demanded is equal to the percentage change in price.

-The Demand Curve Shown in the Figure Above Is ________