TABLE 10-1 -Refer to Table 10-1,which Displays the Demand Schedule for a for a Single-Price

Multiple Choice

TABLE 10-1
-Refer to Table 10-1,which displays the demand schedule for a single-price monopolist.Which of the following statements about price elasticity of demand is true?

A) demand is unit-elastic at a price of $4
B) demand is elastic at a price of $8
C) demand is elastic at a price of $5
D) demand is inelastic at a price of $8
E) demand is elastic at a price of $3