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    Microeconomics Study Set 22
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    Exam 2: The Basics of Supply and Demand
  5. Question
    Figure 2.1 -Refer to Figure 2.1. at Point A, Demand Is
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Figure 2.1 -Refer to Figure 2.1. at Point A, Demand Is

Question 14

Question 14

Multiple Choice

  Figure 2.1 -Refer to Figure 2.1. At point A, demand is: A)  completely inelastic. B)  inelastic, but not completely inelastic. C)  unit elastic. D)  elastic, but not infinitely elastic. E)  infinitely elastic. Figure 2.1
-Refer to Figure 2.1. At point A, demand is:


A) completely inelastic.
B) inelastic, but not completely inelastic.
C) unit elastic.
D) elastic, but not infinitely elastic.
E) infinitely elastic.

Correct Answer:

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