Figure: Demand Elasticities Refer to the Figure

Multiple Choice

Figure: Demand Elasticities Refer to the figure. It shows two different demand curves. Based on the graph, which statement is TRUE?

A) Elasticity of demand equals the slope of the curve so demand curve A is more elastic.
B) Elasticity of demand equals the slope of the curve so demand curve B is more elastic.
C) Since these two linear demand curves run through a common point we can say that at any given quantity, demand curve A is more elastic than curve B.
D) We cannot infer anything about elasticity from this diagram because slope does not equal elasticity.