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Question 68

Multiple Choice

-Refer to the graph above to answer this question.Which of the following statements is correct? A) Demand curve D<sub>2</sub> is the inelastic portion of a curve that could be extended upward to the left. B) Demand curve D<sub>1</sub> is the elastic portion of a curve that could be extended upward to the left. C) Demand curve D<sub>2</sub> is more elastic than D<sub>1</sub>. D) Demand curve D<sub>2</sub> is perfectly inelastic.
-Refer to the graph above to answer this question.Which of the following statements is correct?


A) Demand curve D2 is the inelastic portion of a curve that could be extended upward to the left.
B) Demand curve D1 is the elastic portion of a curve that could be extended upward to the left.
C) Demand curve D2 is more elastic than D1.
D) Demand curve D2 is perfectly inelastic.

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