Narrbegin Exhibit 5.1 Demand curves
-In Exhibit 5.1, the demand curve between points b and c is:
A) price elastic.
B) price inelastic.
C) unit elastic.
D) perfectly elastic.

Question

Narrbegin Exhibit 5.1 Demand curves  
-In Exhibit 5.1, the demand curve between points b and c is:
A) price elastic. 
B) price inelastic. 
C) unit elastic. 
D) perfectly elastic.

Quizplus · Accepted Answer

The demand curve between points b and c is relatively steep, indicating that a small change in price leads to a proportionately larger change in quantity demanded. This is characteristic of price inelastic demand.

Narrbegin Exhibit 5.1 Demand Curves