Consider the above parallel demand curves.Which curve is relatively more elastic at P₁? A) AA. B) BB. C) Cannot be determined. D) Both have the same slope;therefore,both have the same elasticity.

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The Answer of Consider the above parallel demand curves.Which curve is relatively more elastic at P₁? A) AA. B) BB. C) Cannot be determined. D) Both have the same slope;therefore,both have the same elasticity.

Consider the Above Parallel Demand Curves