Figure 5-8

-Refer to Figure 5-8.Between point A and point B on the graph,what is the elasticity of demand
A)perfectly elastic
B)inelastic
C)unit elastic
D)elastic

Name: Figure 5-8 -Refer to Figure 5-8.Between point A and point B on the graph,what is the elasticity of demand A)perfectly elastic B)inelastic C)unit elastic D)elastic
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Question

Figure 5-8
 
-Refer to Figure 5-8.Between point A and point B on the graph,what is the elasticity of demand
A)perfectly elastic 
B)inelastic 
C)unit elastic 
D)elastic

Quizplus · Accepted Answer

The slope of the line between point A and point B is greater than 1, indicating that the demand is responsive to changes in price, which means that it is elastic.

Figure 5-8 -Refer to Figure 5-8.Between Point a and Point B on and Point