Which of the following statements is true about the demand curve above?

A

Answer A: Demand is elastic at each given price because the slope is constant and equal to negative 2 .

B

Answer B: The elasticity of demand decreases when moving from point X to point Y .

C

Answer C: The elasticity of demand increases when moving from point X to point Y .

D

Answer D: Demand is inelastic between quantities 0 and 4 .

E

Demand is elastic between quantities 4 and 8.

Assignment name: Unit 2 Progre X Papago x | MCQ FRQ - Google Docs x _ Classes x |M Your one-time code - rohjunbec x Homework Help - Q&LA from O x | X apclassroom.collegeboard.org/11/assessments/assignments/37990845/ : y Yahoo Finance - St. @ 4 10 971 95 Unit 2 Progress Check: MCQ Submit X 3 4 5 6 7 8 9 10 11 12 13 15 16 17 18 19 20 21 22 23 24 25 26 27 $4* X $2- ------- Y 0 4 8 Quantity Which of the following statements is true about the demand curve above? A Demand is elastic at each given price because the slope is constant and equal to -2. B The elasticity of demand decreases when moving from point X to point Y. C The elasticity of demand increases when moving from point X to point Y. Demand is inelastic between quantities 0 and 4. E Demand is elastic between quantities 4 and 8