-Which statement is true about the demand curve in the graph above?
A)Demand is perfectly elastic.
B)Demand is perfectly inelastic.
C)Demand is less elastic at point X than at point Y.
D)Demand is less elastic at point Y than at point X.

Question

-Which statement is true about the demand curve in the graph above?
A)Demand is perfectly elastic. 
B)Demand is perfectly inelastic. 
C)Demand is less elastic at point X than at point Y. 
D)Demand is less elastic at point Y than at point X.

Quizplus · Accepted Answer

The Answer of  
-Which statement is true about the demand curve in the graph above?
A)Demand is perfectly elastic. 
B)Demand is perfectly inelastic. 
C)Demand is less elastic at point X than at point Y. 
D)Demand is less elastic at point Y than at point X.

-Which Statement Is True About the Demand Curve in the Graph