Figure 5-1 -Refer to Figure 5-1.Assume the Section of the Demand Curve

question 26

Multiple Choice

Figure 5-1

-Refer to Figure 5-1.Assume the section of the demand curve labeled C corresponds to prices between $0 and $15.Then,when the price changes between $7 and $9,

• A)quantity demanded changes proportionately less than the price.
• B)quantity demanded changes proportionately more than the price.
• C)quantity demanded changes the same amount proportionately as price.
• D)the price elasticity of demand is greater than 1.

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