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The Graph Below Illustrates Three Demand Curves

Question 143

Multiple Choice

The graph below illustrates three demand curves.
The graph below illustrates three demand curves. -Refer to the graph above to answer this question.Which of the following statements is correct? A) Demand curve D<sub>3</sub> is the most inelastic demand. B) Equilibrium price must be $50. C) If price is $30 and demand is D<sub>3</sub> then the quantity demanded is 720 units per day. D) Demand curve D<sub>1</sub> is more inelastic than D<sub>3</sub>. E) Demand curve D<sub>1</sub> is perfectly elastic.
-Refer to the graph above to answer this question.Which of the following statements is correct?


A) Demand curve D3 is the most inelastic demand.
B) Equilibrium price must be $50.
C) If price is $30 and demand is D3 then the quantity demanded is 720 units per day.
D) Demand curve D1 is more inelastic than D3.
E) Demand curve D1 is perfectly elastic.

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