Use the Figure Below to Answer the Following Question

question 102

Multiple Choice

Use the figure below to answer the following question.

Figure 4.1.1
-Figure 4.1.1 illustrates a linear demand curve. Comparing the price elasticity in the $2 to $3 price range with the elasticity in the $8 to $9 range, we can conclude

• A)that demand is more elastic in the $8 to $9 price range.
• B)that demand is more elastic in the $2 to $3 price range.
• C)that the price elasticity of demand is the same in both price ranges.
• D)nothing without numerical information about quantities.
• E)that the price elasticity of demand is zero in both price ranges because the demand curve is a straight-line demand curve.

---

Definitions:

Everyday Life

The daily activities, experiences, and routines that constitute a person's normal and routine existence.

Bizarre Events

Bizarre events refer to occurrences that are very unusual or strange, often defying logical or standard explanations.

Activation-synthesis Hypothesis

A theory suggesting that dreams are created by the brain by synthesizing random neural activity during REM sleep.

Dreaming

An array of mental imagery, emotions, and thoughts that transpire within an individual's brain during sleep.