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Figure: Two Demand Curves in the Figure, Demand Curve

question 121

Multiple Choice

Figure: Two Demand Curves Figure: Two Demand Curves   In the figure, demand curve _____ is the least elastic demand curve, and the lost gains from trade because of a tax are greater with demand curve _____. A)  D<sub>1</sub>; D<sub>1</sub> B)  D<sub>2</sub>; D<sub>2</sub> C)  D<sub>1</sub>; D<sub>2</sub> D)  D<sub>2</sub>; D<sub>1</sub> In the figure, demand curve _____ is the least elastic demand curve, and the lost gains from trade because of a tax are greater with demand curve _____.


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