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    Principles of Economics Study Set 8
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    Exam 5: Elasticity and Its Application
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    Figure 5-1 -Refer to Figure 5-1. Between Point a and Point B
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Figure 5-1 -Refer to Figure 5-1. Between Point a and Point B

Question 15

Question 15

Multiple Choice

Figure 5-1
Figure 5-1    -Refer to Figure 5-1. Between point A and point B on the graph, demand is A) perfectly elastic. B) inelastic. C) unit elastic. D) elastic, but not perfectly elastic.
-Refer to Figure 5-1. Between point A and point B on the graph, demand is


A) perfectly elastic.
B) inelastic.
C) unit elastic.
D) elastic, but not perfectly elastic.

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