Principles of Microeconomics, 7th Edition

Published by South-Western College
ISBN 10: 128516590X
ISBN 13: 978-1-28516-590-5

Chapter 5 - Part II - Elasticity and its Application - Quick Check Multiple Choice: 3

Answer

Inelastic at some points, and elastic at other points.

Work Step by Step

Because elasticity is calculated by percent change, it will not be the same at each point along the curve, so it can vary between elastic and inelastic.
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