The graph below illustrates three demand curves. -Refer to the graph above to answer this question.Which of the following statements is correct? A)Demand curve D₃ is the most inelastic demand. B)Equilibrium price must be $50. C)If price is $30 and demand is D₃ then the quantity demanded is 720 units per day. D)Demand curve D₁ is more inelastic than D₃. E)Demand curve D₁ is perfectly elastic.

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The Answer of The graph below illustrates three demand curves. -Refer to the graph above to answer this question.Which of the following statements is correct? A)Demand curve D₃ is the most inelastic demand. B)Equilibrium price must be $50. C)If price is $30 and demand is D₃ then the quantity demanded is 720 units per day. D)Demand curve D₁ is more inelastic than D₃. E)Demand curve D₁ is perfectly elastic.

The Graph Below Illustrates Three Demand Curves