TABLE 10-1 -Refer to Table 10-1,which Displays the Demand Schedule for a for a Single-Price

question 16

Multiple Choice

TABLE 10-1
-Refer to Table 10-1,which displays the demand schedule for a single-price monopolist.Which of the following statements about price elasticity of demand is true?

• A)demand is unit-elastic at a price of $4
• B)demand is elastic at a price of $8
• C)demand is elastic at a price of $5
• D)demand is inelastic at a price of $8
• E)demand is elastic at a price of $3