Which statement is true about the demand curve in the graph?

A) Demand is perfectly elastic.
B) Demand is perfectly inelastic.
C) Demand is more elastic at point Q than at point T.
D) Demand is more elastic at point T than at point Q.

Question

Phine Tanay · Accepted Answer

Final Answer : C, Explanation :  The demand curve in the graph is relatively flatter at point Q compared to point T, indicating that demand is more elastic (i.e., responsive) at point Q than at point T. Therefore, option C is the correct statement. Options A and B are incorrect because there is some change in quantity demanded in response to a change in price, meaning demand is not perfectly elastic or inelastic. Option D is also incorrect because the demand is less elastic (i.e., less responsive) at point T than at point Q.

Which statement is true about the demand curve in the graph?

A) Demand is perfectly elastic.
B) Demand is perfectly inelastic.
C) Demand is more elastic at point Q than at point T.
D) Demand is more elastic at point T than at point Q.

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Learning Objectives

Learning Objectives

Related questions

Which statement is true about the demand curve in the graph?A) Demand is perfectly elastic.B) Demand is perfectly inelastic.C) Demand is more elastic at point Q than at point T.D) Demand is more elastic at point T than at point Q.

Definitions

Learning Objectives

Learning Objectives

Related questions

Which statement is true about the demand curve in the graph?

A) Demand is perfectly elastic.
B) Demand is perfectly inelastic.
C) Demand is more elastic at point Q than at point T.
D) Demand is more elastic at point T than at point Q.