-Refer to Figure 4-5. The section of the demand curve labeled 'A' represents
A) the inelastic section of the demand curve.
B) the unit-elastic section of the demand curve.
C) the elastic section of the demand curve.
D) the perfectly elastic section of the demand curve.

Question

-Refer to Figure 4-5. The section of the demand curve labeled 'A' represents
A) the inelastic section of the demand curve. 
B) the unit-elastic section of the demand curve. 
C) the elastic section of the demand curve. 
D) the perfectly elastic section of the demand curve.

Quizplus · Accepted Answer

The section labeled 'A' on a demand curve typically represents the elastic section, where a change in price leads to a relatively larger change in quantity demanded.