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

Demand and supply curves — practice question

The diagram illustrates demand for a product bought by only three people, Freeman, Hardy and Willis. The table gives the demand of two of these three buyers. Which statement correctly describes Willis’s demand for the product?

  • AIt has unitary price elasticity of demand.
  • BIt is a downward-sloping straight-line demand curve.
  • CIt is a perfectly elastic demand curve.
  • DIt is a perfectly inelastic demand curve.

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