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Refer to the Accompanying Figure

Question 99

Multiple Choice

Refer to the accompanying figure. When P = 4, the price elasticity of demand for the demand curve D1 is ________ and D2 is ________. Refer to the accompanying figure. When P = 4, the price elasticity of demand for the demand curve D1 is ________ and D2 is ________. A) 3; 3 B) 2/3; 1/3 C) 1/3; 3 D) 1/3; 2/3


A) 3; 3
B) 2/3; 1/3
C) 1/3; 3
D) 1/3; 2/3

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