Figure 6-1 In Figure 6-1

Multiple Choice

Figure 6-1

In Figure 6-1,

A) D₁ is more elastic than D₂ below P₂ and less elastic above P₂.
B) D₁ is less elastic than D₂ at all prices.
C) D₂ is less elastic than D₁ at all prices.
D) D₂ is more elastic than D₂ above P₂ but less elastic below P₂.