perfectly inelastic

perfectly elastic

upward sloping

downward sloping

Raise both the disco ticket price and the membership fee

Lower both the disco ticket price and the membership fee

Raise the disco ticket price but lower the membership fee

Lower the disco ticket price but raise the membership fee

0.4

-0.4

2.5

-2.5

Where the curve meets the price axis

Everywhere along the curve

At the mid-point of the curve

Nowhere along the curve

There are few substitutes available

Any substitutes there are have higher prices

The product accounts for a small percentage of consumer expenditure

The product is a normal good