ng ceppage.com CENGAGE | MINDTAP Homework #3 (Ch 5 & 6-2) 4. Elastic, Inelastic, and unit-elastic demand The following graph shows the demand for a good. PRICE (Dollars per unit) 180 W Demand QUANTITY (Units) For each of the regions listed in the following table, use the midpoint method to identify if the demand for this good is elastic, (approximately) elastic, or inelastic.ework #3 (Ch 5 & 6-2) 180 PRICE (Dollars p 140 Demand 12 QUANTITY (Units) For each of the regions listed in the following table, use the midpoint method to identify if the demand for this good is elastic, (approximately) unit clastic, or inelastic. Region Elastic Inelastic Unit Elastic Between W and X O O Between Y and Z O O O Between X and Y O True or False: The slope of the demand curve is not equal to the value of the price elasticity of demand. True False Grade It Now Save & Continua Continue without saving