Figure 4.2

-Refer to Figure 4.2. The demand curve A indicates that
A) consumers can purchase any quantity they want regardless of the price.
B) there is no change in quantity demanded as the price changes.
C) the smallest price change will cause consumers to change their consumption by a large amount.
D) the smallest price increase will cause consumers to switch to the producer with the lowest prices.
E) the price elasticity of demand is equal to 1.

Question

Figure 4.2
 
-Refer to Figure 4.2. The demand curve A indicates that
A) consumers can purchase any quantity they want regardless of the price. 
B) there is no change in quantity demanded as the price changes. 
C) the smallest price change will cause consumers to change their consumption by a large amount. 
D) the smallest price increase will cause consumers to switch to the producer with the lowest prices. 
E) the price elasticity of demand is equal to 1.

Quizplus · Accepted Answer

The Answer of Figure 4.2
 
-Refer to Figure 4.2. The demand curve A indicates that
A) consumers can purchase any quantity they want regardless of the price. 
B) there is no change in quantity demanded as the price changes. 
C) the smallest price change will cause consumers to change their consumption by a large amount. 
D) the smallest price increase will cause consumers to switch to the producer with the lowest prices. 
E) the price elasticity of demand is equal to 1.

Figure 4.2 -Refer to Figure 4.2. the Demand Curve a Indicates That