Figure 4.6 -Refer to Figure 4.6.As Price Falls from P_A to P_B,the

question 206

Multiple Choice

Figure 4.6
-Refer to Figure 4.6.As price falls from P_A to P_B,the quantity demanded increases most along D_1; 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

---

Definitions:

Social Trends

Prevailing behaviors, attitudes, or habits in society that influence people’s choices and lifestyles over a period of time.

Mid-Priced Motel

An accommodation offering moderate comfort and amenities, typically targeting travelers seeking a balance between price and quality.

Privacy Concerns

Issues related to the unauthorized use, collection, and distribution of personal information by individuals or organizations.

Social Issue

A problem that influences a considerable number of individuals within a society, often requiring communal effort to solve.