Figure 6-6 -Refer to Figure 6-6.As Price Falls from P_A to P_B

question 48

Multiple Choice

Figure 6-6

-Refer to Figure 6-6.As price falls from P_A to P_B, the quantity demanded increases the 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 P_A but inelastic at P_B.

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