Refer to the following graphs to answer the questions.
Graph A
Graph B
Graph C
Graph D
Graph E
-Which of these graphs most likely depicts a price elasticity of demand of -5?
A) Graph A
B) Graph B
C) Graph C
D) Graph D
E) Graph E

Question

Refer to the following graphs to answer the  questions.
Graph A
Graph B
Graph C
Graph D
Graph E
-Which of these graphs most likely depicts a price elasticity of demand of -5?
A) Graph A
B) Graph B
C) Graph C
D) Graph D
E) Graph E

Quizplus · Accepted Answer

Graph D shows a steep demand curve, indicating a high degree of price elasticity of demand. At higher prices, there is a significant decrease in quantity demanded. Hence, graph D depicts a price elasticity of demand of -5.

Refer to the Following Graphs to Answer the Questions