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Question 181

Multiple Choice

Use the diagram below to answer this question. Use the diagram below to answer this question. For this demand curve, the price elasticity of demand is A) more elastic at $3 than at $2. B) more elastic at $2 than at $3. C) identical at $2 to that at $3. D) equal to 1.0 over the range from $3 to $2.
For this demand curve, the price elasticity of demand is


A) more elastic at $3 than at $2.
B) more elastic at $2 than at $3.
C) identical at $2 to that at $3.
D) equal to 1.0 over the range from $3 to $2.

Correct Answer:

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