Table: Elasticities Which Column in the Table Is Correct?
A) Column I

question 89

Multiple Choice

Table: Elasticities $$\begin{array} { l llll } \hline { \text { I } } & \text { II } & \text { III } & \text { IV } \\\hline \left| E _ { \mathrm { d } } \right| > 1 \text {, elastic } & \left| E _ { \mathrm { d } } \right| > 1 \text {, inelastic } & \left| E _ { \mathrm { d } } \right| > 1 \text {, unit elastic } &\left| E _ { \mathrm { d } } \right| > 1 \text {, elastic } \\\left| E _ { \mathrm { d } } \right| < 1 \text {, inelastic } & \left| E _ { \mathrm { d } } \right| < 1 \text {, elastic } & \left| E _ { \mathrm { d } } \right| < 1 \text {, elastic } & \left| E _ { \mathrm { d } } \right| < 1 \text {, unit elastic } \\\left| E _ { \mathrm { d } } \right| = 1 \text {, unit elastic } & \left| E _ { \mathrm { d } } \right| = 1 \text {, perfectly elastic } &\left| E _ { \mathrm { d } } \right| = 1 \text {, inelastic } & \left| E _ { \mathrm { d } } \right| = 1 \text {, inelastic } \\\hline\end{array}$$ Which column in the table is correct?

• A) Column I
• B) Column II
• C) Column III
• D) Column IV

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