-Figure 5-8 shows the demand schedule for hockey pucks.At which price is demand the least price elastic?
A)$1
B)$2
C)$3
D)$4
E)$5

Name: -Figure 5-8 shows the demand schedule for hockey pucks.At which price is demand the least price elastic? A)$1 B)$2 C)$3 D)$4 E)$5
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Question

-Figure 5-8 shows the demand schedule for hockey pucks.At which price is demand the least price elastic?
A)$1 
B)$2 
C)$3 
D)$4 
E)$5

Quizplus · Accepted Answer

At a price of $1, the demand for hockey pucks is the least price elastic. This is because a small change in price will result in a relatively small change in quantity demanded.

-Figure 5-8 Shows the Demand Schedule for Hockey Pucks