Refer to the accompanying figure. Let εX denote the price elasticity of demand at point X. Which of the following describes the relationship between εA, εB and εC? 
Definitions:
Karaoke Bars
Entertainment venues where individuals sing along to songs using a microphone and a public address system, often featuring instrumental accompaniments.
Positive Statement
An objective statement based on empirical facts, which can be tested as true or false.
Unemployment Rate
The rate of individuals in the labor force who have no employment but are actively trying to find a job.
Units Produced
The number of complete goods or products a company manufactures over a specific period.
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