Refer to the figure below. When P = 4, the price elasticity of demand for the demand curve D1 is ______ and D2 is ______.
A)3; 3
B)2/3; 1/3
C)1/3; 3
D)1/3; 2/3

Question

Refer to the figure below. When P = 4, the price elasticity of demand for the demand curve D1 is ______ and D2 is ______. 
A)3; 3 
B)2/3; 1/3 
C)1/3; 3 
D)1/3; 2/3

Quizplus · Accepted Answer

The Answer of Refer to the figure below. When P = 4, the price elasticity of demand for the demand curve D1 is ______ and D2 is ______. 
A)3; 3 
B)2/3; 1/3 
C)1/3; 3 
D)1/3; 2/3

Refer to the Figure Below