Demand for product is most elastic at price

From these points in this figure, demand for cheesy fried grits is largely elastic at a price of: (w) P₁ and quantity of Q₃. (x) P₂ and quantity of Q₂. (y) P₃ and quantity of Q₁. (z) P₄ and quantity of 0.

1937_Price Elasticity of Demand5.png

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