The following graph depicts demand. 
Refer to the figure above.The price elasticity of demand at point C is:
Definitions:
Unearned Surplus
Income received from sources other than direct labor or active business activities, such as dividends or interest from investments.
Congress
The legislative body of the federal government in the United States, composed of the House of Representatives and the Senate.
Craft Lines
Specific types of skilled work or trades, often involving handmade goods or artisanal production methods.
Industrial Lines
The categorization of businesses based on their primary industrial activity or the product they manufacture or sell.
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