The graph below illustrates three demand curves. -Refer to the graph above to answer this question.In the $50 to $60 price range,which of the following statements is correct? A)D₁ and D₂ are both elastic. B)D₁ and D₂ are both perfectly inelastic. C)D₂ is the most inelastic. D)D₃ is the most inelastic. E)D₁ is the most inelastic.

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The Answer of The graph below illustrates three demand curves. -Refer to the graph above to answer this question.In the $50 to $60 price range,which of the following statements is correct? A)D₁ and D₂ are both elastic. B)D₁ and D₂ are both perfectly inelastic. C)D₂ is the most inelastic. D)D₃ is the most inelastic. E)D₁ is the most inelastic.

The Graph Below Illustrates Three Demand Curves