Answer
Inelastic at some points, and elastic at other points.
Work Step by Step
Because elasticity is calculated by percent change, it will not be the same at each point along the curve, so it can vary between elastic and inelastic.
Principles of Microeconomics, 7th Edition
by Mankiw, N. Gregory
Published by
South-Western College
ISBN 10:
128516590X
ISBN 13:
978-1-28516-590-5
Chapter 5 - Part II - Elasticity and its Application - Quick Check Multiple Choice - Page 108: 3
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