(Figure: The Linear Demand Curve II) Use Figure: Linear Demand Curve II.At prices greater than $7,demand is _____;at prices below $7,demand is _____;and at $7,demand is _____.

A) elastic;inelastic;unit-elastic
B) inelastic;elastic;unit-elastic
C) unit-elastic;inelastic;elastic
D) equal to 0;elastic;inelastic

Linear Demand Curve

A graphical representation of demand where a straight line shows a constant relationship between quantity demanded and price.

Unit-Elastic

A situation in which a product's price elasticity of demand is exactly one, indicating that the change in quantity demanded is directly proportional to the change in price.

Elastic Inelastic

Elastic demand refers to a significant change in quantity demanded when the price changes, while inelastic demand indicates little to no change in quantity demanded despite price changes.