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

question 38

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.

---

Definitions:

Products

Substances formed as a result of a chemical reaction, found on the right side of a chemical equation.

Potential Energy

The energy possessed by a body by virtue of its position relative to others, stresses within itself, electric charge, and other factors.

Chemical Energy

A form of potential energy stored in chemical bonds between atoms and molecules.

Mechanical Energy

The sum of potential energy and kinetic energy in a system, related to the position and movement of objects.