Economics 9708 · AS & A Level · Demand and supply curves

Demand and supply curves — practice question

The curve shown in the diagram illustrates the link between the price and the quantity of a product. No label has been attached to it. Which description of the curve is correct?

  • Aa perfectly elastic demand curve
  • Ba perfectly inelastic supply curve
  • Ca relatively elastic supply curve
  • Da unitary elastic demand curve

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