Refer to the accompanying figure. Assume the slopes of the two demand curves are the same. Let eA denote the price elasticity of demand at point A, and let eB denote the price elasticity of demand at point B. 
Which of the following statements is correct?
Definitions:
American Red Cross
A humanitarian organization that provides emergency assistance, disaster relief, and education within the United States.
Accounting Records
Documents and books that systematically record all financial transactions of an entity.
Personal Records
Personal records are documents or files pertaining to an individual's private life, including personal identification, financial accounts, health records, and employment details.
Generally Accepted Accounting Principles
A set of accounting standards, principles, and procedures that companies must follow when they compile their financial statements, ensuring transparency and comparability.
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