The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1 -Refer to Figure 6.1. Which of the following is true when prices increase from P₁ to P₂? A)The change in quantity demanded is larger for C than D, thus the demand for D is relatively less elastic than it is for C. B)The change in the quantity demanded following the price increase is the largest for C. C)The change in the quantity demanded following the price increase is the least for D. D)The demand for E is perfectly inelastic. E)The change in quantity demanded is larger for C than A, thus the demand for C is more elastic than it is for A.

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The Answer of The figure given below shows the demand curves for five products: A, B, C, D, and E.Figure 6.1 -Refer to Figure 6.1. Which of the following is true when prices increase from P₁ to P₂? A)The change in quantity demanded is larger for C than D, thus the demand for D is relatively less elastic than it is for C. B)The change in the quantity demanded following the price increase is the largest for C. C)The change in the quantity demanded following the price increase is the least for D. D)The demand for E is perfectly inelastic. E)The change in quantity demanded is larger for C than A, thus the demand for C is more elastic than it is for A.

The Figure Given Below Shows the Demand Curves for Five