When the price to stream movies is $4,Denise rents five per month.When the price is $3,she rents nine per month.What is Denise's demand for movie streaming,and how steep would her demand curve be
A)Her demand is elastic and the curve would be relatively flat.
B)Her demand is elastic and the curve would be relatively steep.
C)Her demand is inelastic and the curve would be relatively flat.
D)Her demand is inelastic and the curve would be relatively steep.

Question

Quizplus · Accepted Answer

Denise's demand is elastic because when the price decreases from $4 to $3, her quantity demanded increases significantly from 5 to 9 per month. The curve would be relatively flat because a small change in price leads to a relatively larger change in quantity demanded.

When the Price to Stream Movies Is $4,Denise Rents Five