FIGURE 4- 1 -Refer to Figure 4- 1, Which Shows Two Demand Curves

question 50

Multiple Choice

FIGURE 4- 1
-Refer to Figure 4- 1, which shows two demand curves, one linear and the other a rectangular hyperbola. In diagram 1, the price elasticity of demand

• A) at point A is equal to that at point C.
• B) is equal at points A, B, and C.
• C) at point A is greater than at point C.
• D) at point A is less than at point C.
• E) at point A is equal to that at point B.