Refer to the above graph. When the quantity of product X sold increases from 8,000 to 10,000, the price elasticity of demand for product X over that range is:
A) elastic.
B) inelastic.
C) unit-elastic.
D) perfectly inelastic.

Question

Refer to the above graph. When the quantity of product X sold increases from 8,000 to 10,000, the price elasticity of demand for product X over that range is:
A) elastic. 
B) inelastic. 
C) unit-elastic. 
D) perfectly inelastic.

Quizplus · Accepted Answer

The Answer of  Refer to the above graph. When the quantity of product X sold increases from 8,000 to 10,000, the price elasticity of demand for product X over that range is:
A) elastic. 
B) inelastic. 
C) unit-elastic. 
D) perfectly inelastic.

Refer to the Above Graph