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  3. Study Set
    Microeconomics Study Set 30
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    Exam 6: Describing Supply and Demand: Elasticities
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    Refer to the Graph Shown
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Refer to the Graph Shown

Question 94

Question 94

Multiple Choice

Refer to the graph shown. Calculate the approximate elasticity of demand for the line segment CD: Refer to the graph shown. Calculate the approximate elasticity of demand for the line segment CD:   A)  3. B)  1/3. C)  1/5. D)  5.


A) 3.
B) 1/3.
C) 1/5.
D) 5.

Correct Answer:

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