-Refer to Figure 24

question 13

Multiple Choice

-Refer to Figure 24.3.Which of the following statements is true about the price elasticity of demand at price P₃?

• A)The price elasticity is elastic.
• B)The price elasticity is unitary.
• C)The price elasticity is inelastic.

---

Definitions:

Authenticity

The quality of being genuine, real, or true, not copied or fake.

Expertise

The skill, knowledge, and experience that an individual or organization possesses in a particular field or area.

Participatory

Involving or allowing the participation of all concerned parties or individuals, especially in decision-making or activity.

Shareable

Content designed to be easily distributed and circulated among users on the internet, often to increase visibility and engagement.