Figure 5-2

-In Figure 5-2,compare demand curve D between points F and G to demand curve D' between points J and K.Which of the following statements is correct?
A)Both demand curves have the same slope,but D' is more elastic in the $2 to $3 range.
B)Both demand curves have the same slope,but D' is less elastic in the $2 to $3 range.
C)Both demand curves have the same price elasticity of demand,but D' has a larger slope.
D)Both demand curves have the same price elasticity of demand,but D' has a smaller slope.
E)Both demand curves have the same slope and the same value for the price elasticity of demand.

Question

Figure 5-2
 
-In Figure 5-2,compare demand curve D between points F and G to demand curve D' between points J and K.Which of the following statements is correct?
A)Both demand curves have the same slope,but D' is more elastic in the $2 to $3 range. 
B)Both demand curves have the same slope,but D' is less elastic in the $2 to $3 range. 
C)Both demand curves have the same price elasticity of demand,but D' has a larger slope. 
D)Both demand curves have the same price elasticity of demand,but D' has a smaller slope. 
E)Both demand curves have the same slope and the same value for the price elasticity of demand.

Quizplus · Accepted Answer

The Answer of Figure 5-2
 
-In Figure 5-2,compare demand curve D between points F and G to demand curve D' between points J and K.Which of the following statements is correct?
A)Both demand curves have the same slope,but D' is more elastic in the $2 to $3 range. 
B)Both demand curves have the same slope,but D' is less elastic in the $2 to $3 range. 
C)Both demand curves have the same price elasticity of demand,but D' has a larger slope. 
D)Both demand curves have the same price elasticity of demand,but D' has a smaller slope. 
E)Both demand curves have the same slope and the same value for the price elasticity of demand.

Figure 5-2 -In Figure 5-2,compare Demand Curve D Between Points F and Between