-The demand curve shown in the figure above is ________ over the price range from $95 to $105 per unit.
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 unit.
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 elastic but not perfectly elastic in this price range because the percentage change in quantity demanded is greater than the percentage change in price, but it is not horizontal (perfectly elastic) or vertical (perfectly inelastic).

-The Demand Curve Shown in the Figure Above Is ________