Figure 7-7 -In the Price Range Between $3 and $4, the Price

question 44

Multiple Choice

Figure 7-7
-In the price range between $3 and $4, the price elasticity of the demand curve depicted in Figure 7-7 is

• A) highly elastic.
• B) approximately equal to −0.33.
• C) approximately equal to −3.
• D) of unitary elasticity.

---

Definitions:

Increase

A rise or growth in quantity, size, intensity, or another measure.

Phonemes

The basic units of sound in a language that distinguish one word from another.

Alphabet

A set of letters or symbols in a fixed order used to represent the basic sounds of a language.

Languages

Systems of communication used by people comprising of symbols, sounds, and rules for combining them.