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  3. Study Set
    Economics Study Set 8
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    Exam 6: Describing Supply and Demand: Elasticities
  5. Question
    Refer to the Graph Shown
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Refer to the Graph Shown

Question 66

Question 66

Multiple Choice

Refer to the graph shown. Calculate the approximate elasticity of demand for the line segment BD: Refer to the graph shown. Calculate the approximate elasticity of demand for the line segment BD:   A) 3. B) 2. C) 1/2. D) 3/2.


A) 3.
B) 2.
C) 1/2.
D) 3/2.

Correct Answer:

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