
Figure 4.2
-Refer to Figure 4.2. Observing the changes in quantity demanded as a result of a decrease in price from P2 to P1 shows that
A) D is relatively more inelastic than C.
B) A has the largest change in quantity demanded.
C) B is relatively more elastic than D.
D) C has the largest change in quantity demanded.
E) C is relatively more elastic than B.
Correct Answer:
Verified
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