-Refer to the above table. For which prices is demand unit-elastic?
A) In a range of prices below $6.50
B) In a range of prices above $6.50
C) In a range of prices between $5 and $10
D) In a range of prices between $6 and $6.50

Question

-Refer to the above table. For which prices is demand unit-elastic?
A) In a range of prices below $6.50 
B) In a range of prices above $6.50 
C) In a range of prices between $5 and $10 
D) In a range of prices between $6 and $6.50

Quizplus · Accepted Answer

When the price is between $6 and $6.50, the percentage change in quantity demanded is equal to the percentage change in price, indicating unit elasticity.

-Refer to the Above Table