Figure 19.2.1 -Refer to Figure 19.2.1 Above. Due to the Perceived Fairness

Multiple Choice

Figure 19.2.1
-Refer to Figure 19.2.1 above. Due to the perceived fairness of price increases during a snow storm, the demand curve:

A) is very elastic at prices above $25.
B) is very inelastic at prices above $25.
C) is elastic for price decreases but inelastic for price increases.
D) is inelastic throughout its entire range.