Consider Two Demand Curves and the Same Price Change for Both.If

Multiple Choice

Consider two demand curves and the same price change for both.If the resulting percentage change in quantity demanded is greater for one (D₁) than the other (D₂) ,we can conclude

A) that D₁ is inelastic and D₂ is elastic.
B) that D₁ is elastic and D₂ is inelastic.
C) that D₂ is more elastic than D₁.
D) that D₁ is more elastic than D₂.
E) nothing about their relative elasticities.