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Question
Table 6-3| Price per Pound (dollars) | Quantity of Cheese Demanded (pounds) |
| $16 | 3 |
| 14 | 4 |
| 12 | 5 |
| 10 | 6 |
| 8 | 7 |
| 6 | 8 |
| 4 | 9 |
| 2 | 10 |
Refer to Table 6-3. Over what range of prices is the demand elastic?
A) over the entire range of prices
B) between $14 and $16
C) between $8 and $16
D) between $2 and $8
Answer
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Related questions
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