The figure given below shows the demand curves of two classes of buyers for tickets to a football match. Figure 24.4 
D1: Demand curve of group 1
D2: Demand curve of group 2
MR1: Marginal revenue of group 1
MR2: Marginal revenue of group 2
MC: Marginal cost
In Figure 24.4, the demand curve D2:
A) has a price elasticity of demand greater than 1.
B) is relatively less price elastic than D1.
C) is the inverse of the demand curve D1.
D) has a price elasticity of demand less than 1.
E) represents the demand of the group that is more responsive to price changes.
Correct Answer:
Verified
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