A ...bel each demand and supply curve with the type of elasticity that best describes it. Note that Figure E Mapo requires three labels. inelastic unit elastic D Price perfectly inelastic Quantity Demand Supply Quantity Price Price B $14 12 E 10 8 $7- 6 4 2 0 4 8 Supply or Demand Quantity Demand 12 16 elastic perfectly elastic Quantity 20 24 28 $1.501 Price 50 25 с 40 20 F 0 0 Price 22.5 Demand 4 5 6 Quantity Quantity Supply 8

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