NARRBEGIN: Exhibit 5-26
Exhibit 5-25

-Refer to exhibit 5-25. Between points C and D price elasticity of demand is:
A) unitary
B) elastic
C) inelastic
D) perfectly elastic
E) perfectly inelastic

Question

NARRBEGIN: Exhibit 5-26
Exhibit 5-25
 
-Refer to exhibit 5-25. Between points C and D price elasticity of demand is:
A) unitary 
B) elastic 
C) inelastic 
D) perfectly elastic 
E) perfectly inelastic

Quizplus · Accepted Answer

Between points C and D, the demand curve is steeper and closer to vertical, indicating that the change in quantity demanded is less than the change in price. This suggests that demand is inelastic, and therefore the correct answer is C.

NARRBEGIN: Exhibit 5-26 Exhibit 5-25