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Question
Price Per Unit | Quantity Demanded Per Week |
| $10.00 | 25 |
| 9.50 | 30 |
| 9.00 | 35 |
| 8.50 | 40 |
| 8.00 | 45 |
| 7.50 | 50 |
| 7.00 | 55 |
| 6.50 | 60 |
| 6.00 | 65 |
| 5.50 | 70 |
| 5.00 | 75 |
Refer to the above table. For which prices is demand unit -elastic?
A) In a range of prices below $6.50
B) In a range of prices above $6.50
C) In a range of prices between $5 and $10
D) In a range of prices between $6 and $6.50
Answer
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