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Figure: Elasticity and Quantity Demanded Refer to the Figure

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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:


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