Use the figure below to answer the following questions.

Figure 6.3.1
-Refer to Figure 6.3.1 showing the market for frisbees before and after a tax is imposed. Between 4,000 and 5,000 frisbees, supply is
A)inelastic.
B)unit elastic.
C)elastic.
D)perfectly elastic.
E)perfectly inelastic.

Question

Use the figure below to answer the following questions.
  
Figure 6.3.1
-Refer to Figure 6.3.1 showing the market for frisbees before and after a tax is imposed. Between 4,000 and 5,000 frisbees, supply is
A)inelastic. 
B)unit elastic. 
C)elastic. 
D)perfectly elastic. 
E)perfectly inelastic.

Quizplus · Accepted Answer

Between 4,000 and 5,000 frisbees, the percentage change in quantity demanded will be greater than the percentage change in price, indicating that demand is elastic.

Use the Figure Below to Answer the Following Questions