In the graph, when the elasticity curve cut the quantity axis sharply in vertical axis. What does the unit refers to a. perfectly elastic or inelastic b. relatively inelastic c. unit elastic and inelastic d. relatively elastic

In the graph, when the elasticity curve cut the quantity axis sharply in vertical axis. What does the unit refers to a. perfectly elastic or inelastic b. relatively inelastic c. unit elastic and inelastic d. relatively elastic

Micro Economics For Today

10th Edition

ISBN:9781337613064

Author:Tucker, Irvin B.

Publisher:Tucker, Irvin B.

Chapter5: Price Elasticity Of Demand And Supply

Section: Chapter Questions

Problem 2SQ

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Question

In the graph, when the elasticity curve cut the quantity axis sharply in vertical axis. What does the unit refers to

perfectly elastic or inelastic

relatively inelastic

unit elastic and inelastic

relatively elastic

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