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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 80

Question 80

Multiple Choice

Refer to the graph shown. Between points A and B, demand is: Refer to the graph shown. Between points A and B, demand is:   A)  inelastic. B)  elastic. C)  unit elastic. D)  perfectly elastic.


A) inelastic.
B) elastic.
C) unit elastic.
D) perfectly elastic.

Correct Answer:

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