Table 6-6

-Refer to Table 6-6.Based on the data in the table, between a price of $9.99 and $14.99, the demand for books is
A)elastic.
B)unit elastic.
C)inelastic.
D)perfectly inelastic.

Question

Table 6-6
 
-Refer to Table 6-6.Based on the data in the table, between a price of $9.99 and $14.99, the demand for books is
A)elastic. 
B)unit elastic. 
C)inelastic. 
D)perfectly inelastic.

Quizplus · Accepted Answer

The demand is elastic because the percentage change in quantity demanded is greater than the percentage change in price between $9.99 and $14.99.

Table 6-6 -Refer to Table 6-6.Based on the Data in the Table