The diagram shows the demand for a product for which there are only three buyers, Freeman, Hardy and Willis.
The table shows the demand from two of the three buyers.
Which statement about the demand for the product from Willis is correct?
1 )
It has unitary price elasticity of demand.
2 )
It is a downward sloping straight line demand curve.
3 )
It is a perfectly elastic demand curve.
It is a perfectly inelastic demand curve.
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