-In the above figure, along which range would the demand for this good be most elastic?
A) between point a and point b
B) between point c and point d
C) between point d and point e
D) at point e

Question

-In the above figure, along which range would the demand for this good be most elastic?
A) between point a and point b 
B) between point c and point d 
C) between point d and point e 
D) at point e

Quizplus · Accepted Answer

The demand for a good is most elastic at higher price ranges and lower quantities, which is typically represented by the upper portion of a demand curve, such as between point a and point b.

-In the Above Figure, Along Which Range Would the Demand