Suppose Two Demand Curves Intersect and So Have a Point

question 47

Multiple Choice

Suppose two demand curves intersect and so have a point in common. At that point, demand shown by the steeper curve will be ________ the flatter curve.

• A)more elastic than
• B)less elastic than
• C)as elastic as
• D)more likely to be unit elastic than

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Definitions:

Paleontologists

Scientists who study the history of life on Earth through the examination of fossilized remains and traces of organisms.

Carbon Dating

A method used to determine the age of an object containing organic material by measuring the decay rate of carbon-14 isotopes.

Rock Layers

Strata or beds of sedimentary rock that have been deposited over time, providing clues to Earth's geological history.

Hominins

Members of the human lineage, including modern humans and all our direct ancestors, characterized by bipedalism and larger brain sizes than other primates.