Figure 7-10 Figure 7-10 Depicts a Demand Curve with a Price Elasticity

Multiple Choice

Figure 7-10
Figure 7-10 depicts a demand curve with a price elasticity that is

A) unitary, implying that a percent change in price leads to an equal percent change in quantity demanded.
B) perfectly inelastic, implying that the same amount will be purchased regardless of the price of the good.
C) equal to zero.
D) both b and c.