Consider the Following Demand Curve.Which Statement Is True

question 156

Multiple Choice

Consider the following demand curve.Which statement is true?

• A) The price elasticity of demand is larger in point A, compared to point B.
• B) The price elasticity of demand is smaller in point A, compared to point B.
• C) The price elasticity of demand is in point A and point B are equal.
• D) The price elasticity of demand is positive in point A, but negative in point B.

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