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    Survey of Economics Study Set 1
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    Exam 5: Price Elasticity of Demand
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    Exhibit 5-5  Demand Curve for Computers in Exhibit 5-5, If
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Exhibit 5-5  Demand Curve for Computers in Exhibit 5-5, If

Question 143

Question 143

Multiple Choice

Exhibit 5-5  Demand curve for computers Exhibit 5-5  Demand curve for computers   In Exhibit 5-5, if the area OABC equals the area ODEF, the demand curve is: A)  elastic. B)  inelastic. C)  unitary elastic. D)  nonelastic. In Exhibit 5-5, if the area OABC equals the area ODEF, the demand curve is:


A) elastic.
B) inelastic.
C) unitary elastic.
D) nonelastic.

Correct Answer:

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