When the rental price of DVD movies is $4, Denise rents five per month. When the price is $3, she rents nine per month. What is Denise's demand for DVD rentals, and how steep would her demand curve be?

Question

Answer

Her demand is elastic and the curve would be relatively flat.

Answer

None of the above.

Answer

Her demand is inelastic and the curve would be relatively steep.

Answer

Her demand is elastic and the curve would be relatively steep.

Answer

Her demand is inelastic and the curve would be relatively flat.

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When the rental price of DVD movies is $4, Denise rents five per month. When the...

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