In Which Price Range of the Accompanying Demand Schedule Is

question 32

Multiple Choice

In which price range of the accompanying demand schedule is demand elastic? $\begin{array}{l}\begin{array} { c c c } &\text { Quantity }\\\underline{\text { Price }} & \underline{\text { Demanded} } \\ 3 & 2 \\3 & 4 \\2 & 6 \\1 & 8\end{array}\end{array}$

• A) $4-$3.
• B) $3-$2.
• C) $2-$1.
• D) Below $1.

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