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Refer to the Accompanying Figure

Question 107

Multiple Choice

Refer to the accompanying figure. Assume the slopes of the two demand curves are the same. Let eA denote the price elasticity of demand at point A, and let eB denote the price elasticity of demand at point B. Refer to the accompanying figure. Assume the slopes of the two demand curves are the same. Let eA denote the price elasticity of demand at point A, and let eB denote the price elasticity of demand at point B. Which of the following statements is correct? A) eA > eB B) eA < eB C) eA = eB D) eA ÷ eB < 0 Which of the following statements is correct?


A) eA > eB
B) eA < eB
C) eA = eB
D) eA ÷ eB < 0

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