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The Exhibit Illustrates Two Possible Demand Curves for a Product

Question 76

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The exhibit illustrates two possible demand curves for a product, D 1 and D 2. Which of the following is true regarding these demand curves?
The exhibit illustrates two possible demand curves for a product, D <sub>1</sub> and D <sub>2</sub>. Which of the following is true regarding these demand curves? A) Demand curve D <sub>1</sub> represents a demand curve that is relatively more elastic than demand curve D <sub>2</sub>. B) Demand curve D <sub>1</sub> represents a demand curve that is relatively more inelastic than demand curve D <sub>2</sub>. C) Demand curve D <sub>1</sub> represents a demand curve that shows consumer purchases being more responsive to a change in the price of the good than demand curve D <sub>2</sub>. D) Both are examples of unitary elastic demand curves.


A) Demand curve D 1 represents a demand curve that is relatively more elastic than demand curve D 2.
B) Demand curve D 1 represents a demand curve that is relatively more inelastic than demand curve D 2.
C) Demand curve D 1 represents a demand curve that shows consumer purchases being more responsive to a change in the price of the good than demand curve D 2.
D) Both are examples of unitary elastic demand curves.

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