Figure 4.3.2 -Refer to Figure 4.3.2 Above. the Elasticity of the Demand

Multiple Choice

Figure 4.3.2
-Refer to Figure 4.3.2 above. The elasticity of the demand for the curve in the figure can be described as:

A) elastic in the upper portions of the curve and inelastic in the lower portions.
B) a special case of an isoelastic curve called the unit-elastic demand curve.
C) elastic throughout the curve.
D) inelastic throughout the curve.