Use the following to answer questions:
Figure: Estimating Price Elasticity 
-(Figure: Estimating Price Elasticity) Look at the figure Estimating Price Elasticity. Between the two prices, P1 and P2, which demand curve has the lowest price elasticity?
Definitions:
Vice President
An executive role in a company or government, typically below the president, responsible for specific departments or decision-making.
Sales Staff
Sales staff are employees dedicated to selling products or services, often working directly with customers to meet their needs and close sales.
Negotiate
The process of discussing something with someone to reach a mutual agreement or compromise.
Payday Loan
A short-term, high-interest loan that is typically due on the borrower's next payday.
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