At a price of $5,consumers buy 200 units of good X.When the price falls to $4,quantity demanded increases to 250 units.We can conclude that over this range,demand is:
A)elastic.
B)unit elastic.
C)inelastic.
D)perfectly inelastic.

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The Answer of At a price of $5,consumers buy 200 units of good X.When the price falls to $4,quantity demanded increases to 250 units.We can conclude that over this range,demand is:
A)elastic.
B)unit elastic.
C)inelastic.
D)perfectly inelastic.

At a Price of $5,consumers Buy 200 Units of Good