The following graph shows the demand curve for a good. Between Points Y and Z, the demand for this good is ________. [Use the midpoint formula to determine your answer].
A. inelastic
B. elastic
C. unit-elastic
Answer Key: A
The following graph shows the demand curve for a good. Between Points Y and Z, the demand for this good is ________.
A. inelastic
B. elastic
C. unit-elastic
Answer Key: A