Table: Demand Curves

In the table, which demand curve is most price elastic over the range of prices considered?
A) demand curve A
B) demand curve B
C) demand curve C
D) demand curve D

Question

Table: Demand Curves

In the table, which demand curve is most price elastic over the range of prices considered?
A) demand curve A 
B) demand curve B 
C) demand curve C 
D) demand curve D

Quizplus · Accepted Answer

Demand curve C is the most price elastic because it shows the largest change in quantity demanded in response to a change in price. As the price drops from $8 to $6, the quantity demanded increases from 12 to 18, indicating that consumers are highly responsive to changes in price for this good.

Table: Demand Curves In the Table, Which Demand Curve Is Most Price Elastic