The diagram shows two product demand curves. On the basis of this diagram, we can say that
A)over range P₁P₂, price elasticity of demand is greater for D₁ than for D₂.
B)over range P₁P₂, price elasticity of demand is greater for D₂ than for D₁.
C)over range P₁P₂, price elasticity is the same for the two demand curves.
D)not enough information is given to compare price elasticities.

Question

The diagram shows two product demand curves. On the basis of this diagram, we can say that
A)over range P₁P₂, price elasticity of demand is greater for D₁ than for D₂. 
B)over range P₁P₂, price elasticity of demand is greater for D₂ than for D₁. 
C)over range P₁P₂, price elasticity is the same for the two demand curves. 
D)not enough information is given to compare price elasticities.

Quizplus · Accepted Answer

The Answer of  The diagram shows two product demand curves. On the basis of this diagram, we can say that
A)over range P₁P₂, price elasticity of demand is greater for D₁ than for D₂. 
B)over range P₁P₂, price elasticity of demand is greater for D₂ than for D₁. 
C)over range P₁P₂, price elasticity is the same for the two demand curves. 
D)not enough information is given to compare price elasticities.

The Diagram Shows Two Product Demand Curves