Figure 7-8 -Refer to Figure 7-8.As Price Falls from PA to PB,the

question 296

Multiple Choice

Figure 7-8

-Refer to Figure 7-8.As price falls from PA to PB,the quantity demanded increases most along D₁; therefore,

• A)D₁ is unit elastic.
• B)D₁ is more inelastic than D₂ or D₃.
• C)D₁ is more elastic than D₂ or D₃
• D)D₁ is elastic at PA but inelastic at PB.

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