Figure 7-7

-Refer to Figure 7-7.The section of the demand curve labeled "A" represents
A)the inelastic section of the demand curve.
B)the unit-elastic section of the demand curve.
C)the elastic section of the demand curve.
D)the perfectly elastic section of the demand curve.

Question

Figure 7-7
 
-Refer to Figure 7-7.The section of the demand curve labeled "A" represents
A)the inelastic section of the demand curve. 
B)the unit-elastic section of the demand curve. 
C)the elastic section of the demand curve. 
D)the perfectly elastic section of the demand curve.

Quizplus · Accepted Answer

The section labeled "A" on a demand curve typically represents the elastic section, where a change in price leads to a relatively larger change in quantity demanded.

Figure 7-7 -Refer to Figure 7-7.The Section of the Demand Curve Labeled