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    Microeconomics Study Set 45
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    Exam 6: Elasticity
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    Refer to the Diagram
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Refer to the Diagram

Question 76

Question 76

Multiple Choice

  Refer to the diagram. In the P₁P₂ price range, demand is A) of unit elasticity. B) relatively inelastic. C) relatively elastic. D) perfectly elastic. Refer to the diagram. In the P₁P₂ price range, demand is


A) of unit elasticity.
B) relatively inelastic.
C) relatively elastic.
D) perfectly elastic.

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