Multiple Choice
Figure 5-2
-In Figure 5-2,compare demand curve D between points F and G to demand curve D' between points J and K.Which of the following statements is correct?
A) Both demand curves have the same slope,but D' is more elastic in the $2 to $3 range.
B) Both demand curves have the same slope,but D' is less elastic in the $2 to $3 range.
C) Both demand curves have the same price elasticity of demand,but D' has a larger slope.
D) Both demand curves have the same price elasticity of demand,but D' has a smaller slope.
E) Both demand curves have the same slope and the same value for the price elasticity of demand.
Correct Answer:

Verified
Correct Answer:
Verified
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