Question: Answer the question based on the following Price per Unit. Quantity Demanded per Unit of Time $20 12 18 17 16 20 14 24 12

Answer the question based on the following

Price per Unit. Quantity Demanded per Unit of Time

$20 12

18 17

16 20

14 24

12 30

10 36

8 40

6 44

4 48

Over which of the following price ranges is the demand elastic?

A) $12-$10

B) $10-$8

C) $6-$4

D) $16-$14

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