Microeconomic

Use the following to answer questions 30-31: Answer the next question(s) on the basis of the following table which shows marginal utility (MU) data for products A, B, C, and D: Unit of product MU-A MU-B MU-C MU-D First 10 15 20 35 Second 12 18 27 Third 9 15 20 Fourth 10 14 Fifth ONA 8 Sixth 30. Refer to the above data. For which product would you expect demand to be most elastic? A) A B) B C) C D) D 31. Refer to the above data. For which product would you expect demand to be least elastic? A ) B) C) D)