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Figure: Elasticity and Quantity Demanded Refer to the Figure

Question 54

Multiple Choice

Figure: Elasticity and Quantity Demanded Figure: Elasticity and Quantity Demanded Refer to the figure. An increase in price from $40 to $50 would cause the change in quantity demanded for D<sub>1</sub> to be: A) greater than the change in quantity demanded for D<sub>2</sub> so D<sub>1</sub> is more elastic than D<sub>2</sub>. B) greater than the change in quantity demanded for D<sub>2</sub> so D<sub>2</sub> is more elastic than D<sub>1</sub>. C) less than the change in quantity demanded for D<sub>2</sub> so D<sub>1</sub> is more inelastic than D<sub>2</sub>. D) less than the change in quantity demanded for D<sub>2</sub> so D<sub>2</sub> is more inelastic than D<sub>1</sub>. Refer to the figure. An increase in price from $40 to $50 would cause the change in quantity demanded for D1 to be:


A) greater than the change in quantity demanded for D2 so D1 is more elastic than D2.
B) greater than the change in quantity demanded for D2 so D2 is more elastic than D1.
C) less than the change in quantity demanded for D2 so D1 is more inelastic than D2.
D) less than the change in quantity demanded for D2 so D2 is more inelastic than D1.

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