Exhibit 5.3

-Refer to Exhibit 5.3,which shows a linear demand curve.Between points C and D,the elasticity of demand is ____ and demand is _____.
A)1; unit elastic
B)1.89; elastic
C)0.2; inelastic
D)infinity; perfectly elastic
E)1; perfectly inelastic

Question

Exhibit 5.3
 
-Refer to Exhibit 5.3,which shows a linear demand curve.Between points C and D,the elasticity of demand is ____ and demand is _____.
A)1; unit elastic 
B)1.89; elastic 
C)0.2; inelastic 
D)infinity; perfectly elastic 
E)1; perfectly inelastic

Quizplus · Accepted Answer

The Answer of Exhibit 5.3
 
-Refer to Exhibit 5.3,which shows a linear demand curve.Between points C and D,the elasticity of demand is ____ and demand is _____.
A)1; unit elastic 
B)1.89; elastic 
C)0.2; inelastic 
D)infinity; perfectly elastic 
E)1; perfectly inelastic

Exhibit 5.3 -Refer to Exhibit 5.3,which Shows a Linear Demand Curve.Between Points