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Figure 7-11 Refer to Figure 7-11. as Price Falls from P A

Question 7

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Figure 7-11 Figure 7-11 Refer to Figure 7-11. As price falls from P <sub>A</sub> to P <sub>B</sub>, we could use the three demand curves to calculate three different values of the price elasticity of demand. Which of the three demand curves would produce the smallest elasticity? A) D <sub>1</sub> B) D <sub>2</sub> C) D <sub>3</sub> D) All of the above are equally elastic.
Refer to Figure 7-11. As price falls from P A to P B, we could use the three demand curves to calculate three different values of the price elasticity of demand. Which of the three demand curves would produce the smallest elasticity?


A) D 1
B) D 2
C) D 3
D) All of the above are equally elastic.

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