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Table: Elasticities Which Column in the Table Is Correct?
A) Column I

Question 89

Multiple Choice

Table: Elasticities  I  II  III  IV Ed>1, elastic Ed>1, inelastic Ed>1, unit elastic Ed>1, elastic Ed<1, inelastic Ed<1, elastic Ed<1, elastic Ed<1, unit elastic Ed=1, unit elastic Ed=1, perfectly elastic Ed=1, inelastic Ed=1, inelastic \begin{array} { l llll } \hline { \text { I } } & \text { II } & \text { III } & \text { IV } \\\hline \left| E _ { \mathrm { d } } \right| > 1 \text {, elastic } & \left| E _ { \mathrm { d } } \right| > 1 \text {, inelastic } & \left| E _ { \mathrm { d } } \right| > 1 \text {, unit elastic } &\left| E _ { \mathrm { d } } \right| > 1 \text {, elastic } \\\left| E _ { \mathrm { d } } \right| < 1 \text {, inelastic } & \left| E _ { \mathrm { d } } \right| < 1 \text {, elastic } & \left| E _ { \mathrm { d } } \right| < 1 \text {, elastic } & \left| E _ { \mathrm { d } } \right| < 1 \text {, unit elastic } \\\left| E _ { \mathrm { d } } \right| = 1 \text {, unit elastic } & \left| E _ { \mathrm { d } } \right| = 1 \text {, perfectly elastic } &\left| E _ { \mathrm { d } } \right| = 1 \text {, inelastic } & \left| E _ { \mathrm { d } } \right| = 1 \text {, inelastic } \\\hline\end{array} Which column in the table is correct?


A) Column I
B) Column II
C) Column III
D) Column IV

Correct Answer:

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